Upland Resources (LON:UPL) Trading 8.3% Higher

Upland Resources Limited (LON:UPL) shares traded up 8.3% during trading on Thursday . The company traded as high as GBX 1.29 ($0.02) and last traded at GBX 1.25 ($0.02). 9,406,712 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 14,900,012 shares. The stock had previously closed at GBX 1.15 ($0.02).

Upland Resources Stock Performance

The firm has a 50-day moving average price of GBX 1.44 and a two-hundred day moving average price of GBX 2.64. The firm has a market cap of £16.56 million, a price-to-earnings ratio of -6.27 and a beta of 2.02.

Insider Buying and Selling at Upland Resources

In related news, insider Aimi Nasharuddin acquired 1,000,000 shares of Upland Resources stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average price of GBX 120 ($1.59) per share, for a total transaction of £1,200,000 ($1,585,204.76). Insiders have purchased 2,900,000 shares of company stock worth $121,900,000 over the last three months. Insiders own 30.85% of the company’s stock.

About Upland Resources

Upland Resources Limited is a principal investment firm specializing in farm-ins and applications for open acreage. The firm seeks to invest in the oil and gas exploration and production sectors. Upland Resources Limited was founded in 2012 and is based in Saint Helier, Jersey with an additional office in Ashbourne, United Kingdom.