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

Key Points

• Rose Petroleum plc's stock price has fallen below its 200-day moving average of GBX 629.55, closing at GBX 319.93 during recent trading, indicating a significant decline.
• The company has a market capitalization of £82.47 million and is characterized by a negative price-to-earnings ratio of -690.47.
• Rose Petroleum primarily explores for oil and gas resources in the United States, holding a 75% working interest in approximately 80,000 net acres in the Paradox Basin in Utah.

Rose Petroleum plc (ROSE.L) (LON:ROSE - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 629.55 ($8.36) and traded as low as GBX 319.15 ($4.24). Rose Petroleum plc (ROSE.L) shares last traded at GBX 319.93 ($4.25), with a volume of 162,411 shares changing hands.

Rose Petroleum plc (ROSE.L) Stock Performance

The business's fifty day moving average price is GBX 387.69 and its 200-day moving average price is GBX 623.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.29 and a current ratio of 2.46. The stock has a market cap of £85.75 million and a PE ratio of -717.92.

Rose Petroleum plc (ROSE.L) Company Profile

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.