Upland Resources (LON:UPL) Trading 9.2% Higher – Time to Buy?

Upland Resources Limited (LON:UPL) shares traded up 9.2% on Friday . The company traded as high as GBX 2.89 and last traded at GBX 2.89. 10,066,481 shares were traded during trading, an increase of 36% from the average session volume of 7,395,223 shares. The stock had previously closed at GBX 2.65.

Upland Resources Price Performance

The business has a 50-day moving average of GBX 2.87 and a 200 day moving average of GBX 2.97. The company has a market cap of £49.95 million, a PE ratio of -24.11 and a beta of 2.06.

Upland Resources (LON:UPL) last announced its earnings results on Wednesday, April 29th. The company reported GBX (0.12) EPS for the quarter.

Insider Buying and Selling

In related news, insider Bolhassan Bin Haji Di acquired 14,378,571 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was bought at an average cost of GBX 4 per share, for a total transaction of £575,142.84. Also, insider Andrew Hurst bought 1,742,857 shares of Upland Resources stock in a transaction that occurred on Wednesday, February 18th. The stock was purchased at an average cost of GBX 4 per share, with a total value of £69,714.28. Insiders bought 19,607,142 shares of company stock valued at $78,428,568 in the last 90 days. Corporate insiders own 10.81% of the company’s stock.

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.