Rose Petroleum PLC (LON:ROSE)’s share price dropped 9.8% on Tuesday . The stock traded as low as GBX 1.03 ($0.01) and last traded at GBX 1.04 ($0.01). Approximately 584,631 shares traded hands during trading, an increase of 49% from the average daily volume of 392,665 shares. The stock had previously closed at GBX 1.15 ($0.02).
The firm has a market cap of $1.49 million and a P/E ratio of -0.69.
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Rose Petroleum plc, together with its subsidiaries, primarily explores for and develops oil and gas resources in the United States. The company holds a 75% working interest in Paradox Basin covering an approximately 80,000 net acres located in Utah, the United States. The company was formerly known as VANE Minerals plc and changed its name to Rose Petroleum plc in August 2013.
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