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Rose Petroleum plc (ROSE.L) (LON:ROSE) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

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

Key Points

  • Rose Petroleum plc's share price has crossed below its 200-day moving average of GBX 481.73, trading as low as GBX 345 during recent sessions.
  • The company has a market cap of £1.44 billion and a significantly negative P/E ratio of -749.59, indicating potential financial challenges.
  • Rose Petroleum holds a 75% working interest in the Paradox Basin in Utah, covering approximately 80,000 net acres focused on oil and gas development.
  • MarketBeat previews the top five stocks to own by November 1st.

Rose Petroleum plc (ROSE.L) (LON:ROSE - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 481.73 ($6.46) and traded as low as GBX 345 ($4.62). Rose Petroleum plc (ROSE.L) shares last traded at GBX 355 ($4.76), with a volume of 1,813,379 shares trading hands.

Rose Petroleum plc (ROSE.L) Stock Up 1.7%

The firm's 50-day simple moving average is GBX 333.94 and its 200 day simple moving average is GBX 481.73. The company has a market cap of £1.44 billion and a P/E ratio of -749.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.29 and a current ratio of 2.46.

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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