Rose Petroleum plc (ROSE.L) (LON:ROSE) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Rose Petroleum plc (ROSE.L) (LON:ROSE)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 343.17 and traded as high as GBX 345. Rose Petroleum plc (ROSE.L) shares last traded at GBX 329, with a volume of 1,028,853 shares traded.

Rose Petroleum plc (ROSE.L) Trading Down 2.1%

The company has a market cap of £1.34 billion and a P/E ratio of -694.69. The company has a quick ratio of 2.29, a current ratio of 2.46 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is GBX 343.17 and its 200-day moving average price is GBX 342.30.

About Rose Petroleum plc (ROSE.L)

Rose Petroleum plc, together with its subsidiaries, primarily explores for and develops oil and gas resources in the United States. The company holds a 75% working interest in Paradox Basin covering an approximately 80,000 net acres located in Utah, the United States. The company was formerly known as VANE Minerals plc and changed its name to Rose Petroleum plc in August 2013. Rose Petroleum plc was incorporated in 2002 and is headquartered in Newbury, the United Kingdom.