Bowleven (LON:BLVN) Trading Up 10% – Here’s What Happened

Bowleven plc (LON:BLVNGet Free Report) was up 10% during trading on Tuesday . The company traded as high as GBX 0.28 ($0.00) and last traded at GBX 0.28 ($0.00). 9,586,457 shares were traded during mid-day trading, an increase of 467% from the average daily volume of 1,692,114 shares. The stock had previously closed at GBX 0.25 ($0.00).

Bowleven Stock Performance

The stock has a market capitalization of £5.20 million, a P/E ratio of -16.50, a PEG ratio of -0.02 and a beta of 0.53. The company has a quick ratio of 8.06, a current ratio of 5.74 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of GBX 0.28 and a 200 day moving average of GBX 0.22.

Bowleven Company Profile

(Get Free Report)

Bowleven plc engages in the exploration and appraisal of oil and gas properties in West Africa. It holds a 25% interest in the shallow water offshore Etinde permit that covers an area of approximately 461 square kilometers located in Cameroon. The company was incorporated in 2001 and is headquartered in London, the United Kingdom.

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