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Rose Petroleum plc (ROSE.L) (LON:ROSE) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Rose Petroleum plc (ROSE.L) logo with Energy background

Rose Petroleum plc (ROSE.L) (LON:ROSE - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 567.17 ($7.68) and traded as high as GBX 639 ($8.66). Rose Petroleum plc (ROSE.L) shares last traded at GBX 638 ($8.64), with a volume of 665 shares.

Rose Petroleum plc (ROSE.L) Stock Performance

The firm's 50 day moving average price is GBX 568.11 and its 200-day moving average price is GBX 716.26. The stock has a market cap of £166.45 million and a P/E ratio of -1,393.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.46 and a quick ratio of 2.29.

About Rose Petroleum plc (ROSE.L)

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Rose Petroleum plc, together with its subsidiaries, primarily explores for and develops oil and gas resources in the United States. The company holds a 75% working interest in Paradox Basin covering an approximately 80,000 net acres located in Utah, the United States. The company was formerly known as VANE Minerals plc and changed its name to Rose Petroleum plc in August 2013.

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