Upland Resources (LON:UPL) Trading 5.2% Higher – Here’s What Happened

Upland Resources Limited (LON:UPL)’s stock price traded up 5.2% during mid-day trading on Thursday . The company traded as high as GBX 1.38 ($0.02) and last traded at GBX 1.32 ($0.02). 15,878,874 shares were traded during trading, an increase of 12% from the average session volume of 14,204,427 shares. The stock had previously closed at GBX 1.25 ($0.02).

Upland Resources Stock Performance

The stock’s fifty day simple moving average is GBX 1.17 and its two-hundred day simple moving average is GBX 2.16. The company has a market capitalization of £18.84 million, a price-to-earnings ratio of -6.27 and a beta of 2.02.

Insider Buying and Selling

In related news, insider Aimi Nasharuddin acquired 1,000,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of GBX 120 ($1.56) per share, for a total transaction of £1,200,000 ($1,556,218.39). Over the last ninety days, insiders acquired 2,900,000 shares of company stock worth $121,900,000. Corporate insiders own 33.79% of the company’s stock.

About Upland Resources

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.