Upland Resources (LON:UPL) Hits New 12-Month High – Still a Buy?

Upland Resources Limited (LON:UPL) shares hit a new 52-week high on Monday . The stock traded as high as GBX 4.20 and last traded at GBX 3.71, with a volume of 2792490 shares trading hands. The stock had previously closed at GBX 3.85.

Upland Resources Price Performance

The company’s fifty day simple moving average is GBX 2.68 and its 200-day simple moving average is GBX 1.68. The firm has a market capitalization of £58.57 million, a PE ratio of 9.23 and a beta of 2.02.

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

Insiders Place Their Bets

In other Upland Resources news, insider Bolhassan Bin Haji Di purchased 1,000,000 shares of the company’s stock in a transaction dated Thursday, November 27th. The shares were acquired at an average price of GBX 3 per share, for a total transaction of £30,000. Also, insider Andrew Hurst acquired 603,030 shares of the firm’s stock in a transaction that occurred on Thursday, November 27th. The stock was bought at an average cost of GBX 3 per share, with a total value of £18,090.90. Over the last 90 days, insiders acquired 1,903,030 shares of company stock valued at $5,709,090. 9.60% 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.