Seplat Petroleum Development (LON:SEPL) Shares Pass Below 50-Day Moving Average of $108.73
Seplat Petroleum Development Company PLC (LON:SEPL) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $108.73 and traded as low as $103.00. Seplat Petroleum Development shares last traded at $104.50, with a volume of 78,230 shares.
The stock’s fifty day moving average price is GBX 108.73 and its 200 day moving average price is GBX 118.08. The company has a debt-to-equity ratio of 21.02, a current ratio of 1.87 and a quick ratio of 1.50. The stock has a market capitalization of $594.37 million and a P/E ratio of 2.79.
In other news, insider Ambrosie Bryant Chukwueloka (A Orjiako sold 3,500,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of GBX 114 ($1.49), for a total value of £3,990,000 ($5,213,641.71).
Seplat Petroleum Development Company Plc, an oil and gas company, explores for, develops, and produces oil and gas in Nigeria. It operates a portfolio of assets in the Niger Delta region, including a 45% interest in the OML 4 that covers an area of 267 square kilometers; a 45% interest in OML 38 that covers an area of 2,094 square kilometers; and a 45% interest in OML 41 that covers an area of 291 square kilometers.
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