Upland Resources (LON:UPL) Trading 12.6% Higher - Time to Buy?

Key Points

• Upland Resources shares jumped 12.6% intraday to GBX 3.18 (high GBX 3.20) with volume rising 34% to 10,187,142 shares versus an average of 7.61M, after a prior close of GBX 2.83.
• Company insiders made large purchases on Feb 18 — Bolhassan Bin Haji Di bought 14,378,571 shares and Andrew Hurst 1,742,857 shares at GBX 4 each — and insiders have acquired 19,607,142 shares in the last 90 days, now owning 10.81% of the stock.
• Upland has a market cap of £53.69 million, a PE ratio of 8.46 and a beta of 2.16, and is focused on oil & gas opportunities in South‑East Asia, notably block SK334 in Northern Sarawak.

Upland Resources Limited (LON:UPL - ) shares traded up 12.6% on Wednesday . The company traded as high as GBX 3.20 and last traded at GBX 3.18. 10,187,142 shares traded hands during mid-day trading, an increase of 34% from the average session volume of 7,612,682 shares. The stock had previously closed at GBX 2.83.

Upland Resources Stock Up 16.8%

The stock has a market cap of £53.69 million, a PE ratio of 8.46 and a beta of 2.16. The firm has a fifty day moving average of GBX 3.09 and a 200 day moving average of GBX 2.64.

Insiders Place Their Bets

In other Upland Resources news, insider Bolhassan Bin Haji Di bought 14,378,571 shares of the business's stock in a transaction dated Wednesday, February 18th. The shares were acquired at an average price of GBX 4 per share, with a total value of £575,142.84. Also, insider Andrew Hurst acquired 1,742,857 shares of the firm's stock in a transaction on Wednesday, February 18th. The shares were bought at an average cost of GBX 4 per share, with a total value of £69,714.28. Insiders acquired a total of 19,607,142 shares of company stock worth $78,428,568 over the last 90 days. Insiders own 10.81% of the company's stock.

About Upland Resources

The Company is focused on opportunities in South-East Asia with an initial emphasis on Sarawak. Over the last 7 years the Company has developed an opportunity on a block in Northern Sarawak, block SK334. Upland has an exceptional team and is working with leading oil and gas contractors to effectively, and with the minimum risk, evolve its prospects.

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