Upland Resources (LON:UPL) Trading 4.2% Higher – What’s Next?

Upland Resources Limited (LON:UPL)’s share price rose 4.2% during trading on Friday . The company traded as high as GBX 3.30 and last traded at GBX 3.08. Approximately 10,921,215 shares were traded during trading, an increase of 47% from the average daily volume of 7,453,326 shares. The stock had previously closed at GBX 2.95.

Upland Resources Stock Up 6.8%

The company’s fifty day moving average is GBX 3.08 and its two-hundred day moving average is GBX 2.08. The stock has a market cap of £51.25 million, a price-to-earnings ratio of 8.08 and a beta of 2.02.

Insider Activity

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

Upland Resources Company Profile

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.