Upland Resources (LON:UPL) Trading Up 9.2% – Here’s Why

Shares of Upland Resources Limited (LON:UPL) shot 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 Stock Up 9.2%

The business has a fifty day simple moving average of GBX 2.87 and a 200-day simple moving average of GBX 2.97. The firm has a market cap of £49.95 million, a P/E ratio of -24.11 and a beta of 2.06.

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

Insider Activity

In other news, insider Razak Damit bought 1,742,857 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were purchased at an average price of GBX 4 per share, for a total transaction of £69,714.28. Also, insider Aimi Nasharuddin purchased 1,742,857 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were purchased at an average price of GBX 4 per share, for a total transaction of £69,714.28. In the last quarter, insiders have purchased 19,607,142 shares of company stock worth $78,428,568. 10.81% of the stock is currently owned by company insiders.

Upland Resources Company Profile

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.