Bowleven (LON:BLVN) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Bowleven plc (LON:BLVNGet Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Price Performance

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 stock’s 50-day simple moving average is GBX 0.25 and its 200 day simple moving average is GBX 0.21. The firm has a market cap of £5.20 million, a P/E ratio of -16.50, a PEG ratio of -0.02 and a beta of 0.53.

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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