What’s Propelling Gulfsands Petroleum plc to Increase So Much?

 What's Propelling Gulfsands Petroleum plc to Increase So Much?

The stock of Gulfsands Petroleum plc (LON:GPX) is a huge mover today! The stock increased 1.52% or GBX 0.06 on November 24, hitting GBX 3.68. About 43,000 shares traded hands. Gulfsands Petroleum plc (LON:GPX) has declined 46.30% since April 25, 2016 and is downtrending. It has underperformed by 51.71% the S&P500.
The move comes after 8 months positive chart setup for the GBX 19.38M company. It was reported on Nov, 24 by Barchart.com. We have GBX 3.94 PT which if reached, will make LON:GPX worth GBX 1.36 million more.

More news for Gulfsands Petroleum plc (LON:GPX) were recently published by: Fool.Co.Uk, which released: “After A 200% Gain In Two Weeks, Should You Buy Gulfsands Petroleum plc?” on March 24, 2016. Fool.Co.Uk‘s article titled: “Are Tullow Oil plc, Genel Energy PLC And Gulfsands Petroleum plc 3 ‘Must-Have …” and published on March 16, 2016 is yet another important article.

Gulfsands Petroleum plc is an independent gas and oil exploration, and production company. The company has a market cap of 19.38 million GBP. The principal activity of the Company is that of provision of services to its subsidiaries, which are engaged in gas and oil production, exploration and development activities. It currently has negative earnings. The Company’s divisions include Syria, Morocco, Tunisia, Colombia and Other.

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