Petrel Resources Plc (LON:PET – Get Free Report) shares shot up 10% during mid-day trading on Friday . The stock traded as high as GBX 1.10 and last traded at GBX 0.94. 1,384,151 shares changed hands during mid-day trading, an increase of 348% from the average daily volume of 308,650 shares. The stock had previously closed at GBX 0.85.
Petrel Resources Price Performance
The stock’s 50 day moving average is GBX 0.86 and its two-hundred day moving average is GBX 0.83. The stock has a market capitalization of £1.94 million, a PE ratio of -3.74 and a beta of 0.50.
About Petrel Resources
Petrel Resources Plc, together with its subsidiaries, operates as an oil and gas exploration company. The company holds a 100% interest in the Frontier exploration license 3/14 located in Ireland. It also holds a 30% working interest in the Tano 2A Block covering an area of 1,532 square kilometers in Ghana; and holds interest in the Western Desert Block 6 located in Iraq. Petrel Resources Plc was incorporated in 1982 and is based in Dublin, Ireland.
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