Rose Petroleum PLC (LON:ROSE)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $1.11. Rose Petroleum shares last traded at $1.40, with a volume of 6,657,119 shares trading hands.
The company’s 50 day moving average price is GBX 1.32. The stock has a market cap of $2.36 million and a price-to-earnings ratio of -0.93.
In other news, insider Matthew C. Idiens purchased 2,000,000 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was acquired at an average cost of GBX 2 ($0.03) per share, for a total transaction of £40,000 ($52,267.08).
Rose Petroleum plc, together with its subsidiaries, primarily explores for and develops oil and gas resources in the United States. The company holds a 75% working interest in Paradox Basin covering an approximately 80,000 net acres located in Utah, the United States. The company was formerly known as VANE Minerals plc and changed its name to Rose Petroleum plc in August 2013.
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