Shares of Petrel Resources Plc (LON:PET – Get Free Report) shot up 17.5% on Wednesday . The stock traded as high as GBX 1.58 ($0.02) and last traded at GBX 1.41 ($0.02). 838,985 shares changed hands during mid-day trading, an increase of 272% from the average session volume of 225,409 shares. The stock had previously closed at GBX 1.20 ($0.02).
Petrel Resources Stock Performance
The company has a market capitalization of £3.11 million, a PE ratio of -6.50 and a beta of 0.57. The stock has a 50 day moving average price of GBX 1.19 and a two-hundred day moving average price of GBX 0.96.
About Petrel Resources
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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