Canadian Overseas Petroleum Limited (LON:COPL) shares shot up 11.5% on Thursday . The company traded as high as GBX 0.29 ($0.00) and last traded at GBX 0.29 ($0.00). 40,370,049 shares changed hands during mid-day trading, an increase of 364% from the average session volume of 8,700,000 shares. The stock had previously closed at GBX 0.26 ($0.00).
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About Canadian Overseas Petroleum (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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