Global Petroleum (LON:GBP) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Global Petroleum Limited (LON:GBPGet Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 0.17 ($0.00) and traded as low as GBX 0.17 ($0.00). Global Petroleum shares last traded at GBX 0.17 ($0.00), with a volume of 104,246,703 shares.

Global Petroleum Trading Down 5.6 %

The company has a market cap of £6.65 million, a PE ratio of -1.57 and a beta of 0.75. The company has a fifty day simple moving average of GBX 0.25 and a two-hundred day simple moving average of GBX 0.17.

About Global Petroleum

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Global Petroleum Limited is an oil and gas, upstream exploration company presently focused on Africa and the Mediterranean. The Company’s principal assets are two exploration blocks located offshore Namibia. Its primary listing is on the Australian Securities Exchange (ASX) with a secondary listing on the AIM Market of the London Stock Exchange (AIM).

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