Global Petroleum (LON:GBP) Trading Down 24.1% – Time to Sell?

by · The Cerbat Gem

Global Petroleum Limited (LON:GBP – Get Free Report) was down 24.1% on Tuesday . The company traded as low as GBX 0.22 ($0.00) and last traded at GBX 0.22 ($0.00). Approximately 176,199,844 shares were traded during mid-day trading, an increase of 87% from the average daily volume of 93,988,266 shares. The stock had previously closed at GBX 0.29 ($0.00).

Global Petroleum Trading Down 24.5 %

The stock has a market cap of £8.56 million, a PE ratio of -1.57 and a beta of 0.75. The firm has a fifty day simple moving average of GBX 0.25 and a two-hundred day simple moving average of GBX 0.16.

Global Petroleum Company Profile

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Global Petroleum Limited is an oil and gas, upstream exploration company presently focused on Africa and the Mediterranean. The Company’s principal assets are two exploration blocks located offshore Namibia. Its primary listing is on the Australian Securities Exchange (ASX) with a secondary listing on the AIM Market of the London Stock Exchange (AIM).

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