Petrel Resources Plc (LON:PET – Get Free Report) shares rose 17.5% during trading on Wednesday . The stock traded as high as GBX 1.58 ($0.02) and last traded at GBX 1.41 ($0.02). Approximately 838,985 shares traded hands during mid-day trading, an increase of 272% from the average daily volume of 225,409 shares. The stock had previously closed at GBX 1.20 ($0.02).
Petrel Resources Trading Up 17.5 %
The company’s 50 day moving average is GBX 1.20 and its 200-day moving average is GBX 0.97. The company has a market capitalization of £3.11 million, a P/E ratio of -6.50 and a beta of 0.57.
About Petrel Resources
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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