Upland Resources (LON:UPL) Shares Down 4.5% – Should You Sell?

Upland Resources Limited (LON:UPL)’s stock price dropped 4.5% on Thursday . The stock traded as low as GBX 1.05 ($0.01) and last traded at GBX 1.05 ($0.01). Approximately 12,858,001 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 14,226,790 shares. The stock had previously closed at GBX 1.10 ($0.01).

Upland Resources Stock Performance

The firm has a market capitalization of £14.39 million, a P/E ratio of -6.27 and a beta of 2.02. The company has a 50-day simple moving average of GBX 1.14 and a two-hundred day simple moving average of GBX 2.36.

Insider Activity at Upland Resources

In other Upland Resources news, insider Dixon Wong bought 1,000,000 shares of Upland Resources stock in a transaction on Tuesday, August 27th. The stock was acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £10,000 ($13,058.24). In other Upland Resources news, insider Dixon Wong bought 1,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average price of GBX 1 ($0.01) per share, for a total transaction of £10,000 ($13,058.24). Also, insider Aimi Nasharuddin bought 900,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of £9,000 ($11,752.42). In the last three months, insiders have acquired 2,900,000 shares of company stock valued at $121,900,000. 33.79% of the stock is owned by corporate insiders.

Upland Resources Company Profile

Upland Resources Limited is a principal investment firm specializing in farm-ins and applications for open acreage. The firm seeks to invest in the oil and gas exploration and production sectors. Upland Resources Limited was founded in 2012 and is based in Saint Helier, Jersey with an additional office in Ashbourne, United Kingdom.