Upland Resources (LON:UPL) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Upland Resources Limited (LON:UPL)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 1.15 ($0.01) and traded as low as GBX 1.08 ($0.01). Upland Resources shares last traded at GBX 1.20 ($0.02), with a volume of 18,958,645 shares trading hands.

Upland Resources Stock Up 9.1 %

The stock has a market capitalization of £16.44 million, a PE ratio of -6.27 and a beta of 2.02. The stock has a fifty day moving average of GBX 1.15 and a 200-day moving average of GBX 2.23.

Insiders Place Their Bets

In other Upland Resources news, insider Aimi Nasharuddin purchased 1,000,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was bought at an average cost of GBX 120 ($1.56) per share, with a total value of £1,200,000 ($1,558,036.87). Insiders acquired 2,900,000 shares of company stock valued at $121,900,000 in the last ninety days. Insiders own 33.79% of the company’s stock.

Upland Resources Company Profile

Upland Resources Limited is a principal investment firm specializing in farm-ins and applications for open acreage. The firm seeks to invest in the oil and gas exploration and production sectors. Upland Resources Limited was founded in 2012 and is based in Saint Helier, Jersey with an additional office in Ashbourne, United Kingdom.