Shares of Global Petroleum Limited (LON:GBP – Get Free Report) rose 12.1% during trading on Monday . The stock traded as high as GBX 0.23 ($0.00) and last traded at GBX 0.22 ($0.00). Approximately 146,313,891 shares traded hands during mid-day trading, an increase of 90% from the average daily volume of 77,111,336 shares. The stock had previously closed at GBX 0.20 ($0.00).
Global Petroleum Price Performance
The business’s 50-day moving average is GBX 0.09 and its 200 day moving average is GBX 0.08. The firm has a market capitalization of £7.08 million, a P/E 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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