Global Petroleum Limited (LON:GBP – Get Free Report) shares were up 13.9% during trading on Thursday . The company traded as high as GBX 0.09 ($0.00) and last traded at GBX 0.08 ($0.00). Approximately 159,787,234 shares changed hands during trading, an increase of 168% from the average daily volume of 59,516,129 shares. The stock had previously closed at GBX 0.07 ($0.00).
Global Petroleum Stock Performance
The business has a 50-day simple moving average of GBX 0.07 and a 200 day simple moving average of GBX 0.07. The firm has a market cap of £3.13 million, a P/E ratio of -1.57 and a beta of 0.74.
About Global Petroleum
Global Petroleum Limited, together with its subsidiaries, explores for oil and gas properties in Africa. It primarily owns an 78% participating interest in the Namibian project consisting of offshore blocks 1910B and 2010A covering an area of 5,798 square kilometers located in Walvis Basin, Namibia. The company was incorporated in 1994 and is based in Melbourne, Australia.
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