Upland Resources (LON:UPL) Trading Down 7% – Time to Sell?

Upland Resources Limited (LON:UPL)’s share price dropped 7% on Friday . The company traded as low as GBX 2.50 and last traded at GBX 2.56. Approximately 5,572,353 shares changed hands during trading, a decline of 23% from the average daily volume of 7,206,730 shares. The stock had previously closed at GBX 2.75.

Upland Resources Stock Performance

The stock has a fifty day simple moving average of GBX 2.93 and a two-hundred day simple moving average of GBX 2.96. The stock has a market capitalization of £44.89 million, a price-to-earnings ratio of -21.67 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) earnings per share for the quarter.

Insider Transactions at Upland Resources

In other news, insider Aimi Nasharuddin bought 1,742,857 shares of Upland Resources stock in a transaction dated Wednesday, February 18th. The stock was bought at an average cost of GBX 4 per share, for a total transaction of £69,714.28. Also, insider Bolhassan Bin Haji Di bought 14,378,571 shares of Upland Resources stock in a transaction dated Wednesday, February 18th. The stock was purchased at an average price of GBX 4 per share, with a total value of £575,142.84. In the last 90 days, insiders have purchased 19,607,142 shares of company stock valued at $78,428,568. 10.81% of the stock is currently owned by corporate 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.