PetroTal (LON:PTAL) Shares Up 1.5% - Here's What Happened

Key Points

• PetroTal Corp. shares rose by 1.5%, closing at GBX 34.50 ($0.47), with a trading volume of approximately 416,182 shares.
• The company's market cap is £315.41 million, with a high price-to-earnings ratio of 431.25 and a debt-to-equity ratio of 5.12.
• PetroTal focuses on the development of oil assets in Peru, notably holding a 100% working interest in the Bretana oil field.

PetroTal Corp. (LON:PTAL - Get Free Report)'s stock price was up 1.5% during trading on Thursday . The stock traded as high as GBX 34.50 ($0.47) and last traded at GBX 34.50 ($0.47). Approximately 416,182 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 711,321 shares. The stock had previously closed at GBX 34 ($0.46).

PetroTal Stock Up 1.0%

The firm's 50 day simple moving average is GBX 36.85 and its 200 day simple moving average is GBX 35.11. The company has a market cap of £309.46 million, a price-to-earnings ratio of 423.11 and a beta of 1.90. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 5.12.

About PetroTal

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.