Petrel Resources PLC (LON:PET)‘s stock had its “corporate” rating restated by Northland Securities in a research report issued to clients and investors on Monday.

Petrel Resources PLC (PET) traded down 10.000% during midday trading on Monday, hitting GBX 3.375. 8,412 shares of the stock were exchanged. Petrel Resources PLC has a 1-year low of GBX 3.74 and a 1-year high of GBX 8.30. The company’s 50 day moving average is GBX 4.01 and its 200-day moving average is GBX 4.82. The stock’s market cap is GBX 3.36 million.

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About Petrel Resources PLC

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.

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