Global Petroleum (GBP) Shares Up 24.6%

Shares of Global Petroleum Limited (LON:GBP) shot up 24.6% during mid-day trading on Wednesday . The company traded as high as GBX 1.50 ($0.02) and last traded at GBX 1.50 ($0.02). 233,008 shares traded hands during trading, a decline of 49% from the average session volume of 455,354 shares. The stock had previously closed at GBX 1.20 ($0.02).

The stock has a market cap of $3.03 million and a PE ratio of -1.66.

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Global Petroleum Company Profile (LON:GBP)

Global Petroleum Limited engages in the exploration of oil and gas properties in Africa. The company primarily owns a 85% participating interest in the Namibian project consisting of offshore blocks 1910B and 2010A covering an area of 5,810 square kilometers, and 2011A covering an area of 5,798 square kilometers located in the Republic of Namibia.

Further Reading: Earnings Per Share

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