Upland Resources (LON:UPL) Trading Up 4.2% – Time to Buy?

Upland Resources Limited (LON:UPL) traded up 4.2% on Friday . The stock traded as high as GBX 3.30 and last traded at GBX 3.08. 10,921,215 shares were traded during trading, an increase of 47% from the average session volume of 7,453,326 shares. The stock had previously closed at GBX 2.95.

Upland Resources Stock Performance

The company has a 50 day moving average price of GBX 3.09 and a 200 day moving average price of GBX 2.10. The company has a market capitalization of £50.76 million, a price-to-earnings ratio of 8.00 and a beta of 2.02.

Insiders Place Their Bets

In other news, insider Andrew Hurst bought 603,030 shares of the stock in a transaction dated Thursday, November 27th. The shares were bought at an average cost of GBX 3 per share, with a total value of £18,090.90. Also, insider Razak Damit bought 300,000 shares of the business’s stock in a transaction that occurred on Thursday, November 27th. The stock was purchased at an average price of GBX 3 per share, for a total transaction of £9,000. Over the last quarter, insiders have bought 1,903,030 shares of company stock worth $5,709,090. Corporate insiders own 9.60% of the company’s stock.

About Upland Resources

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.