Petrel Resources Plc (LON:PET – Get Free Report)’s stock price reached a new 52-week low on Friday . The stock traded as low as GBX 0.68 ($0.01) and last traded at GBX 0.70 ($0.01), with a volume of 645686 shares trading hands. The stock had previously closed at GBX 0.68 ($0.01).
Petrel Resources Stock Performance
The firm’s 50 day moving average price is GBX 0.87 and its two-hundred day moving average price is GBX 1.25. The company has a market cap of £1.29 million, a P/E ratio of -7.17 and a beta of 0.57.
Petrel Resources Company Profile
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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