PetroTal (LON:PTAL) Shares Up 0.8% - Should You Buy?

Key Points

• PetroTal Corp. shares increased by 0.8%, with a recent trading price of GBX 39.30 ($0.52), despite a 36% decline in trading volume from the average.
• The company has a market cap of £449.77 million and a low price-to-earnings ratio of 4.26, indicating potential value for investors.
• PetroTal is primarily focused on the production of oil from its Bretana oil field in Peru, where operations began in June 2018.

Shares of PetroTal Corp. (LON:PTAL - Get Free Report) were up 0.8% during mid-day trading on Wednesday . The company traded as high as GBX 40 ($0.53) and last traded at GBX 39.30 ($0.52). Approximately 464,506 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 721,390 shares. The stock had previously closed at GBX 39 ($0.52).

PetroTal Stock Up 1.3%

The firm has a 50 day moving average price of GBX 36.44 and a 200-day moving average price of GBX 35.66. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 5.12. The firm has a market cap of £457.78 million, a PE ratio of 4.34 and a beta of 1.90.

PetroTal Company Profile

PetroTal is a publicly traded, tri‐quoted (TSX: TAL, AIM: PTAL and OTCQX: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru. PetroTal's flagship asset is its 100% working interest in Bretana oil field in Peru's Block 95 where oil production was initiated in June 2018.