Petrel Resources (LON:PET) Reaches New 52-Week Low – What’s Next?

by · The Markets Daily

Petrel Resources Plc (LON:PET – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 0.66 ($0.01) and last traded at GBX 0.68 ($0.01), with a volume of 177105 shares changing hands. The stock had previously closed at GBX 0.68 ($0.01).

Petrel Resources Price Performance

The firm has a market cap of £1.24 million, a price-to-earnings ratio of -7.17 and a beta of 0.57. The firm has a 50 day moving average price of GBX 0.85 and a 200-day moving average price of GBX 1.23.

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.

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