Global Petroleum Limited (LON:GBP – Get Free Report) shares rose 11.5% on Friday . The company traded as high as GBX 0.29 ($0.00) and last traded at GBX 0.29 ($0.00). Approximately 16,481,359 shares traded hands during trading, a decline of 81% from the average daily volume of 86,750,352 shares. The stock had previously closed at GBX 0.26 ($0.00).
Global Petroleum Trading Up 13.5 %
The company’s 50-day simple moving average is GBX 0.24 and its 200-day simple moving average is GBX 0.14. The stock has a market capitalization of £11.53 million, a price-to-earnings ratio of -1.57 and a beta of 0.75.
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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