Upland Resources (LON:UPL) Shares Up 9.6% – Still a Buy?

Upland Resources Limited (LON:UPLGet Free Report) rose 9.6% during mid-day trading on Thursday . The stock traded as high as GBX 1.12 ($0.01) and last traded at GBX 1.12 ($0.01). Approximately 11,090,218 shares changed hands during mid-day trading, an increase of 61% from the average daily volume of 6,881,406 shares. The stock had previously closed at GBX 1.03 ($0.01).

Upland Resources Price Performance

The firm’s 50-day moving average price is GBX 1.11 and its 200 day moving average price is GBX 1.16. The firm has a market capitalization of £16.85 million, a price-to-earnings ratio of -6.27 and a beta of 2.02.

About Upland Resources

(Get Free Report)

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.

Further Reading

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