BowLeven (LON:BLVN) Stock Crosses Below 200-Day Moving Average of $11.37
BowLeven PLC (LON:BLVN)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.37 and traded as low as $5.40. BowLeven shares last traded at $5.58, with a volume of 84,885 shares trading hands.
Separately, Shore Capital reaffirmed a “house stock” rating on shares of BowLeven in a report on Friday, November 29th.
The firm has a fifty day simple moving average of GBX 9.69 and a 200 day simple moving average of GBX 11.37. The company has a market capitalization of $18.69 million and a price-to-earnings ratio of -0.28.
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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