Canadian Overseas Petroleum (COPL) Shares Up 39.5%

Canadian Overseas Petroleum Limited (LON:COPL) shot up 39.5% on Wednesday . The company traded as high as GBX 0.13 ($0.00) and last traded at GBX 0.13 ($0.00). 189,471,474 shares changed hands during trading, an increase of 2,078% from the average session volume of 8,700,000 shares. The stock had previously closed at GBX 0.09 ($0.00).

The company has a market cap of $3.98 million and a price-to-earnings ratio of -0.53.

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Canadian Overseas Petroleum Company Profile (LON:COPL)

Canadian Overseas Petroleum Limited, together with its subsidiaries, engages in the exploration and development of oil and natural gas offshore reserves in Africa. It holds a 17% working interest in the Block LB-13 located offshore Liberia; and 40% equity interest in the OPL 226 blocks located in the Niger Delta province, offshore Nigeria.

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