Upland Resources (LON:UPL) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Upland Resources Limited (LON:UPL)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 1.15 ($0.02) and traded as low as GBX 1.06 ($0.01). Upland Resources shares last traded at GBX 1.15 ($0.02), with a volume of 14,554,589 shares.

Upland Resources Stock Up 2.2 %

The business’s 50-day moving average is GBX 1.15 and its 200-day moving average is GBX 2.44. The company has a market capitalization of £15.63 million, a price-to-earnings ratio of -6.27 and a beta of 2.02.

Insider Transactions at Upland Resources

In related news, insider Aimi Nasharuddin acquired 1,000,000 shares of the stock in a transaction on Tuesday, August 6th. The shares were acquired at an average price of GBX 120 ($1.57) per share, for a total transaction of £1,200,000 ($1,570,475.07). Insiders have purchased 2,900,000 shares of company stock worth $121,900,000 over the last quarter. 29.89% of the stock is currently owned by insiders.

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.