Upland Resources (LON:UPL) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Upland Resources Limited (LON:UPL) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 3.02 and traded as low as GBX 3. Upland Resources shares last traded at GBX 3.10, with a volume of 4,496,436 shares changing hands.

Upland Resources Trading Down 6.1%

The company has a 50-day moving average of GBX 3.02 and a 200-day moving average of GBX 2.03. The firm has a market capitalization of £50.44 million, a price-to-earnings ratio of 7.95 and a beta of 2.02.

Insider Transactions at Upland Resources

In other Upland Resources news, insider Andrew Hurst acquired 603,030 shares of the company’s stock in a transaction that occurred on Thursday, November 27th. The shares were purchased at an average price of GBX 3 per share, for a total transaction of £18,090.90. Also, insider Razak Damit bought 300,000 shares of the business’s stock in a transaction on Thursday, November 27th. The stock was acquired at an average cost of GBX 3 per share, for a total transaction of £9,000. In the last three months, insiders have acquired 1,903,030 shares of company stock worth $5,709,090. 9.60% of the stock is currently owned by insiders.

About Upland Resources

The Company is focused on opportunities in South-East Asia with an initial emphasis on Sarawak.
Over the last 7 years the Company has developed an opportunity on a block in Northern Sarawak, block SK334.
Upland has an exceptional team and is working with leading oil and gas contractors to effectively, and with the minimum risk, evolve its prospects.