PetroTal (LON:PTAL) Trading 0.9% Higher - Time to Buy?

Key Points

• PetroTal Corp. (LON:PTAL) shares rose by 0.9% during midday trading, with recent trading prices between GBX 32.80 and GBX 33.50.
• The company has a market capitalization of £299.87 million and a high P/E ratio of 410.00, indicating significant volatility.
• PetroTal focuses on the development of oil assets in Peru, particularly its flagship Bretana oil field, where production began in June 2018.

PetroTal Corp. (LON:PTAL - )'s share price traded up 0.9% during mid-day trading on Monday . The company traded as high as GBX 33.50 ($0.45) and last traded at GBX 32.80 ($0.44). 329,389 shares changed hands during trading, a decline of 52% from the average session volume of 689,863 shares. The stock had previously closed at GBX 32.50 ($0.44).

PetroTal Trading Up 0.9%

The stock has a market cap of £299.87 million, a P/E ratio of 410.00 and a beta of 1.90. 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 stock's fifty day moving average price is GBX 35.60 and its 200 day moving average price is GBX 34.82.

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.

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