Shares of Global Petroleum Limited (LON:GBP – Get Free Report) dropped 5% during mid-day trading on Thursday . The company traded as low as GBX 0.09 ($0.00) and last traded at GBX 0.10 ($0.00). Approximately 190,983,266 shares changed hands during mid-day trading, an increase of 244% from the average daily volume of 55,505,887 shares. The stock had previously closed at GBX 0.10 ($0.00).
Global Petroleum Price Performance
The company has a market capitalization of £4.03 million, a P/E ratio of -1.57 and a beta of 0.56. The stock’s 50 day moving average is GBX 0.07 and its 200-day moving average is GBX 0.07.
Global Petroleum Company Profile
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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