Shares of Petrel Resources PLC (LON:PET) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as low as $3.53. Petrel Resources shares last traded at $4.10, with a volume of 1,098,324 shares changing hands.

The stock has a market capitalization of $4.29 million and a price-to-earnings ratio of -0.82. The business’s 50-day simple moving average is GBX 2.25 and its two-hundred day simple moving average is GBX 1.55.

About Petrel Resources (LON:PET)

Petrel Resources Plc, together with its subsidiaries, operates as an oil and gas exploration company. The company holds a 15% interest in the Frontier Exploration Licence 3/14 in the Porcupine Basin, Ireland; and owns a 10% interest in licensing option (LO) 16/14 and 100% interests in LO 16/24 and LO 16/25 in Ireland.

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