Upland Resources (LON:UPL) Sets New 52-Week High After Insider Buying Activity

Upland Resources Limited (LON:UPL) hit a new 52-week high during trading on Monday after an insider bought additional shares in the company. The company traded as high as GBX 4.09 and last traded at GBX 3.70, with a volume of 17456189 shares trading hands. The stock had previously closed at GBX 3.90.

Specifically, insider Razak Damit bought 300,000 shares of Upland Resources stock in a transaction dated Thursday, November 27th. The stock was acquired at an average cost of GBX 3 per share, with a total value of £9,000. Also, insider Bolhassan Bin Haji Di acquired 1,000,000 shares of Upland Resources stock in a transaction that occurred on Thursday, November 27th. The stock was acquired at an average cost of GBX 3 per share, with a total value of £30,000. In related news, insider Andrew Hurst purchased 603,030 shares of the stock in a transaction dated Thursday, November 27th. The shares were acquired at an average cost of GBX 3 per share, for a total transaction of £18,090.90.

Upland Resources Price Performance

The business’s 50 day moving average price is GBX 2.43 and its 200-day moving average price is GBX 1.58. The company has a market cap of £58.97 million, a P/E ratio of 10.00 and a beta of 2.02.

Upland Resources (LON:UPL) last posted its quarterly earnings data on Tuesday, September 30th. The company reported GBX (1) earnings per share (EPS) for the quarter.

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.