Northland Capital reiterated Petrel Resources PLC (LON:PET) to Corporate in a statement released earlier today.
- Updated: October 15, 2016
Only yesterday Petrel Resources PLC (LON:PET) traded 0.00% even at 6.75GBX. The company’s 50-day moving average is 6.65GBX and its 200-day moving average is 5.71GBX. With the last stock price up 18.21% relative to the two hundred day average, compared with the S&P 500 which has decreased -0.01% over the date range. Trade Volume was down over the average, with 50,000 shares of PET changing hands under the typical 54,528
Northland Capital has reiterated Petrel Resources PLC (LON:PET) to Corporate in a statement released on Thursday October 13, 2016.
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With a total market value of 0 GBX, Petrel Resources PLC has with a 52 week low of 2.50GBX and a 52 week high of 8.30GBX .
Also covering Petrel Resources PLC's target price, a total of 1 firm has reported on the company. The average stock price target is 0.20GBX with zero brokerages rating the company a strong buy, zero firms rating the stock a buy, 0 brokerages rating the stock a hold, 0 analysts rating the company a underperform, and lastly 0 firms rating the stock a sell.
Brief Synopsis About Petrel Resources PLC (LON:PET)
Petrel Resources plc is a junior oil and gas exploration company with activities in Iraq, Ghana and Ireland. The Company is active in the Irish offshore Atlantic Margin, Ghana's Tano Basin and Iraq. The Company holds an interest in over 1,050 kilometers of prospective acreage in the Porcupine Basin of the Irish offshore. The Company has two frontier exploration licenses (FELs), which include FELs 3/14 and 4/14. The Company also owns and operates approximately 920 square kilometers Licensing Options in the Porcupine Basin. Its license options include the north-western Porcupine License Option, which includes Block 35/01 and the available portion of Block 35/02, and Block 26/26 and the available portion of Block 26/27. The second License Option in the Eastern Porcupine includes the entirety of Block 45/27. The Company also holds interest in a signed Petroleum Agreement in the Ghanaian Tano 2A Block, close to circa two billion barrels of recent discoveries.
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