Shares of BowLeven PLC (LON:BLVN) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 5 ($0.07) and last traded at GBX 5.30 ($0.07), with a volume of 515801 shares trading hands. The stock had previously closed at GBX 5.55 ($0.07).
Separately, Shore Capital restated a “house stock” rating on shares of BowLeven in a research report on Friday, November 29th.
The business’s 50-day simple moving average is GBX 9.27 and its 200-day simple moving average is GBX 11.20. The stock has a market cap of $17.77 million and a PE ratio of -0.27.
Bowleven plc engages in the exploration and appraisal of oil and gas properties in Africa. The company has strategic equity interests in two permits in Cameroon, including the offshore shallow water Etinde permit that covers an area of approximately 461 square kilometers; and the onshore Bomono permit covering an area of 2,328 square kilometers.
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