PetroTal (LON:PTAL) Stock Price Up 2.8% - Here's What Happened

Key Points

• Shares rose 2.8% mid-day to GBX 29.30 (intraday high GBX 30.40) as volume surged ~91% to about 2.29 million shares versus an average of 1.20 million.
• The company is valued at about £267.5 million with a P/E of 5.86, low beta (0.13), and solid liquidity (current ratio 2.21, quick ratio 1.83) but a high debt-to-equity ratio (19.17).
• PetroTal is an oil and gas producer focused on Peru, holding a 100% working interest in the Bretana oil field and became Peru’s largest crude oil producer in early 2022.

PetroTal Corp. (LON:PTAL - )'s share price rose 2.8% during mid-day trading on Wednesday . The stock traded as high as GBX 30.40 and last traded at GBX 29.30. Approximately 2,286,265 shares changed hands during mid-day trading, an increase of 91% from the average daily volume of 1,197,691 shares. The stock had previously closed at GBX 28.50.

PetroTal Stock Up 2.8%

The stock has a market capitalization of £267.51 million, a P/E ratio of 5.86 and a beta of 0.13. The company has a debt-to-equity ratio of 19.17, a current ratio of 2.21 and a quick ratio of 1.83. The stock's fifty day moving average is GBX 26.87 and its two-hundred day moving average is GBX 25.22.

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. In early 2022, PetroTal became the largest crude oil producer in Peru. The Company's management team has significant experience in developing and exploring for oil in Peru and is led by a Board of Directors that is focused on safely and cost effectively developing the Bretana oil field.

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