PetroTal (OTCMKTS:PTALF) Trading Up 0.7% – Here’s Why

PetroTal Corp. (OTCMKTS:PTALFGet Free Report)’s share price rose 0.7% during mid-day trading on Tuesday . The company traded as high as $0.3846 and last traded at $0.3513. 75,616 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 404,015 shares. The stock had previously closed at $0.3490.

PetroTal Stock Performance

The firm’s 50-day moving average is $0.39 and its 200 day moving average is $0.34.

About PetroTal

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PetroTal Corp. is a Canada-based exploration and production company engaged in the development of oil and gas assets in Peru. Established with a focus on onshore hydrocarbon opportunities, the company’s primary operations center on Block 95 in the North Ucayali Basin. Through its wholly owned subsidiary PetroTal Peru SA, the company manages all aspects of field development, drilling, production and sales of light crude oil.

The core asset, the Bretaña oil field, reached first commercial production in December 2019.

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