Seplat Energy (LON:SEPL) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Seplat Energy Plc (LON:SEPL - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 202.27 ($2.72) and traded as high as GBX 237 ($3.19). Seplat Energy shares last traded at GBX 237 ($3.19), with a volume of 257,507 shares trading hands.

Seplat Energy Stock Performance

The company has a debt-to-equity ratio of 43.24, a current ratio of 1.48 and a quick ratio of 1.40. The firm has a market cap of £1.75 billion, a P/E ratio of 21.77, a PEG ratio of 0.09 and a beta of 0.45. The stock's 50 day moving average is GBX 207.08 and its two-hundred day moving average is GBX 196.86.

Insider Activity

In other news, insider Babs Omotowa bought 18,000 shares of Seplat Energy stock in a transaction dated Friday, March 28th. The shares were bought at an average price of GBX 177 ($2.38) per share, for a total transaction of £31,860 ($42,903.31). Corporate insiders own 1.65% of the company's stock.

About Seplat Energy

Seplat Energy is Nigeria's leading indigenous, independent oil and gas producer, producing oil and gas production volumes of 48,152 barrels of oil equivalent per day (boepd) in 9M 2023, including 117 MMscfd (20,083 boepd) of processed natural gas for domestic power generation in 9M 2023. Seplat Energy is focused on powering Nigeria's energy transition.