Harbour Energy (LON:HBR) Trading Up 1.8% – Here’s What Happened

Harbour Energy plc (LON:HBR)’s share price was up 1.8% during trading on Tuesday . The company traded as high as GBX 254.30 ($3.23) and last traded at GBX 254.30 ($3.23). Approximately 1,419,202 shares were traded during trading, a decline of 54% from the average daily volume of 3,056,242 shares. The stock had previously closed at GBX 249.90 ($3.17).

Harbour Energy Stock Performance

The stock has a 50 day moving average of GBX 265.57 and a 200 day moving average of GBX 287.84. The company has a quick ratio of 0.33, a current ratio of 0.81 and a debt-to-equity ratio of 89.42. The firm has a market cap of £3.64 billion, a price-to-earnings ratio of 2,825.56, a P/E/G ratio of 0.04 and a beta of -0.23.

Insider Buying and Selling at Harbour Energy

In other Harbour Energy news, insider Blair Thomas sold 8,200,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of GBX 265 ($3.36), for a total value of £21,730,000 ($27,576,142.13). Also, insider Simon Henry bought 20,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average cost of GBX 289 ($3.67) per share, for a total transaction of £57,800 ($73,350.25). Company insiders own 64.08% of the company’s stock.

About Harbour Energy

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.