Bowleven (LON:BLVN) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Bowleven plc (LON:BLVNGet Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.21 ($0.00) and traded as high as GBX 0.28 ($0.00). Bowleven shares last traded at GBX 0.28 ($0.00), with a volume of 9,586,457 shares changing hands.

Bowleven Stock Up 10.0 %

The company has a market cap of £5.20 million, a price-to-earnings ratio of -16.50, a P/E/G ratio of -0.02 and a beta of 0.53. The company has a current ratio of 5.74, a quick ratio of 8.06 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average price of GBX 0.24 and a two-hundred day moving average price of GBX 0.21.

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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