Upland Resources (LON:UPL) Trading Down 8.3% – Here’s Why

Upland Resources Limited (LON:UPLGet Free Report)’s share price dropped 8.3% during mid-day trading on Wednesday . The stock traded as low as GBX 2.83 and last traded at GBX 2.96. Approximately 10,730,126 shares traded hands during trading, an increase of 55% from the average daily volume of 6,941,657 shares. The stock had previously closed at GBX 3.23.

Upland Resources Stock Performance

The stock’s 50 day moving average price is GBX 2.86 and its 200 day moving average price is GBX 3.03. The company has a market capitalization of £51.04 million, a P/E ratio of -24.63 and a beta of 1.89.

Upland Resources (LON:UPLGet Free Report) last announced its earnings results on Wednesday, April 29th. The company reported GBX (0.12) earnings per share for the quarter.

About Upland Resources

(Get Free Report)

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.

Further Reading

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