Bowleven (LON:BLVN) Share Price Passes Below 200-Day Moving Average of $3.41

Shares of Bowleven plc (LON:BLVNGet Rating) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3.41 ($0.04) and traded as low as GBX 1.53 ($0.02). Bowleven shares last traded at GBX 1.95 ($0.02), with a volume of 167,456 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital restated a “house stock” rating on shares of Bowleven in a research report on Tuesday, November 1st.

Bowleven Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 9.82 and a quick ratio of 8.06. The firm has a 50-day moving average price of GBX 3.06 and a two-hundred day moving average price of GBX 3.41. The firm has a market capitalization of £6.54 million and a P/E ratio of -3.25.

Bowleven Company Profile

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Bowleven plc engages in the exploration and appraisal of oil and gas properties in Africa. It holds a 25% interest in the offshore shallow water Etinde permit that covers an area of approximately 461 square kilometers located in Cameroon. The company was incorporated in 2001 and is headquartered in London, the United Kingdom.

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