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Rose Petroleum plc (ROSE.L) (LON:ROSE) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

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

Key Points

  • Shares of Rose Petroleum plc (ROSE.L) have fallen below their 200-day moving average, which is currently at GBX 592.60 ($8.03).
  • The stock is currently trading at GBX 339.30 ($4.60), with a volume of 133,212 shares exchanged.
  • Rose Petroleum holds a 75% working interest in the Paradox Basin, covering approximately 80,000 net acres in Utah, demonstrating its focus on oil and gas resource development in the United States.
  • Interested in Rose Petroleum plc (ROSE.L)? Here are five stocks we like better.

Rose Petroleum plc (ROSE.L) (LON:ROSE - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 592.60 ($7.95) and traded as low as GBX 339 ($4.55). Rose Petroleum plc (ROSE.L) shares last traded at GBX 339.30 ($4.55), with a volume of 133,212 shares trading hands.

Rose Petroleum plc (ROSE.L) Price Performance

The company has a 50-day simple moving average of GBX 329.90 and a 200-day simple moving average of GBX 576.82. The firm has a market cap of £84.99 million and a PE ratio of -711.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.46 and a quick ratio of 2.29.

Rose Petroleum plc (ROSE.L) Company Profile

(Get Free Report)

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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