Upland Resources (LON:UPL) Trading Up 13.8% After Insider Buying Activity

Shares of Upland Resources Limited (LON:UPL) shot up 13.8% during mid-day trading on Friday after an insider bought additional shares in the company. The stock traded as high as GBX 3.87 and last traded at GBX 3.87. 17,047,846 shares were traded during mid-day trading, an increase of 132% from the average session volume of 7,351,919 shares. The stock had previously closed at GBX 3.40.

Specifically, insider Razak Damit purchased 300,000 shares of Upland Resources stock in a transaction on Thursday, November 27th. The stock was acquired at an average price of GBX 3 per share, for a total transaction of £9,000. Also, insider Bolhassan Bin Haji Di purchased 1,000,000 shares of the stock in a transaction on Thursday, November 27th. The shares were purchased at an average cost of GBX 3 per share, for a total transaction of £30,000. In other Upland Resources news, insider Andrew Hurst purchased 603,030 shares of the business’s stock in a transaction on Thursday, November 27th. The stock was acquired at an average price of GBX 3 per share, for a total transaction of £18,090.90.

Upland Resources Price Performance

The firm has a market capitalization of £58.48 million, a PE ratio of 9.92 and a beta of 2.02. The company has a 50-day moving average price of GBX 2.29 and a 200 day moving average price of GBX 1.51.

Upland Resources (LON:UPL) last issued its earnings results on Tuesday, September 30th. The company reported GBX (1) earnings per share (EPS) for the quarter.

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.