Petrel Resources (LON:PET) Shares Down 6.4% – Here’s Why

Petrel Resources Plc (LON:PETGet Free Report)’s share price fell 6.4% during trading on Saturday . The company traded as low as GBX 1.17 ($0.02) and last traded at GBX 1.17 ($0.02). 3,522,633 shares were traded during mid-day trading, an increase of 934% from the average session volume of 340,524 shares. The stock had previously closed at GBX 1.25 ($0.02).

Petrel Resources Stock Down 6.4 %

The firm has a market capitalization of £2.58 million, a PE ratio of -5.40 and a beta of 0.57. The company’s 50-day simple moving average is GBX 1.31 and its 200 day simple moving average is GBX 1.04.

Petrel Resources Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Petrel Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrel Resources and related companies with MarketBeat.com's FREE daily email newsletter.