Global Petroleum (LON:GBP) Stock Price Down 4.8% – Should You Sell?

Shares of Global Petroleum Limited (LON:GBPGet Free Report) fell 4.8% on Tuesday . The company traded as low as GBX 0.24 ($0.00) and last traded at GBX 0.26 ($0.00). 61,742,469 shares changed hands during trading, a decline of 28% from the average session volume of 85,883,133 shares. The stock had previously closed at GBX 0.27 ($0.00).

Global Petroleum Price Performance

The stock has a market cap of £10.05 million, a price-to-earnings ratio of -1.57 and a beta of 0.75. The business’s fifty day simple moving average is GBX 0.15 and its 200 day simple moving average is GBX 0.10.

About Global Petroleum

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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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