Global Petroleum Limited (LON:GBP – Get Free Report) fell 9.3% during trading on Thursday . The company traded as low as GBX 0.17 ($0.00) and last traded at GBX 0.18 ($0.00). 129,018,227 shares changed hands during mid-day trading, an increase of 78% from the average session volume of 72,508,930 shares. The stock had previously closed at GBX 0.19 ($0.00).
Global Petroleum Price Performance
The business has a 50 day simple moving average of GBX 0.08 and a 200 day simple moving average of GBX 0.07. The stock has a market cap of £6.45 million, a PE 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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