Petrel Resources (LON:PET) Stock Price Up 4.4% – Should You Buy?

by · The Markets Daily

Petrel Resources Plc (LON:PET – Get Free Report)’s share price traded up 4.4% during trading on Tuesday . The stock traded as high as GBX 0.75 and last traded at GBX 0.71. 1,898,221 shares were traded during trading, an increase of 342% from the average session volume of 429,346 shares. The stock had previously closed at GBX 0.68.

Petrel Resources Stock Performance

The company’s fifty day simple moving average is GBX 0.74 and its two-hundred day simple moving average is GBX 0.84. The company has a market capitalization of £1.46 million, a price-to-earnings ratio of -2.20 and a beta of 0.57.

Petrel Resources Company Profile

(Get Free Report)

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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