Global Petroleum (LON:GBP) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Global Petroleum Limited (LON:GBPGet Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 0.18 ($0.00) and traded as low as GBX 0.16 ($0.00). Global Petroleum shares last traded at GBX 0.16 ($0.00), with a volume of 98,983,055 shares.

Global Petroleum Trading Down 4.2 %

The stock’s fifty day moving average is GBX 0.24 and its two-hundred day moving average is GBX 0.18. The company has a market capitalization of £6.18 million, a PE ratio of -1.57 and a beta of 0.75.

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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