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Petrel Resources PLC (LON:PET) has been reiterated to Corporate in a report by Northland Capital today.

Only yesterday Petrel Resources PLC (LON:PET) traded 0.00% even at 7.00GBX. The company’s 50-day moving average is 6.59GBX and its 200-day moving average is 5.41GBX. The last closing price is up 34.98% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Trade Volume was down over the average, with 175 shares of PET changing hands under the typical 131,426

Northland Capital has reiterated Petrel Resources PLC (LON:PET) to Corporate in a report released on 9/26/2016.

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Petrel Resources PLC (LON:PET)

Petrel Resources PLC has 52 week low of 2.50GBX and a 52 week high of 8.30GBX and has a total market value of 0 GBX.

A total of 1 brokerage has issued a report on PET. zero equity analysts rating the company a strong buy, zero brokers rating the stock a buy, 0 brokerages rating the stock a hold, 0 firms rating the stock a underperform, and finally zero equity analysts rating the company a sell with a one year target of 0.20GBX.

More 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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