Bowleven (LON:BLVN) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Bowleven plc (LON:BLVNGet Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 0.21 ($0.00) and traded as high as GBX 0.28 ($0.00). Bowleven shares last traded at GBX 0.28 ($0.00), with a volume of 9,586,457 shares.

Bowleven Stock Up 10.0 %

The company has a market cap of £5.20 million, a P/E ratio of -16.50, a PEG ratio of -0.02 and a beta of 0.53. The company has a quick ratio of 8.06, a current ratio of 5.74 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of GBX 0.23 and a 200 day moving average price of GBX 0.21.

About Bowleven

(Get Free Report)

Bowleven plc engages in the exploration and appraisal of oil and gas properties in West Africa. It holds a 25% interest in the shallow water offshore Etinde permit that covers an area of approximately 461 square kilometers located in Cameroon. The company was incorporated in 2001 and is headquartered in London, the United Kingdom.

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