BowLeven (LON:BLVN) Share Price Crosses Below 200-Day Moving Average of $11.37
BowLeven PLC (LON:BLVN)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.37 and traded as low as $5.40. BowLeven shares last traded at $5.58, with a volume of 84,885 shares changing hands.
Separately, Shore Capital reissued a “house stock” rating on shares of BowLeven in a research report on Friday, November 29th.
The company has a market cap of $18.69 million and a PE ratio of -0.28. The firm has a 50 day simple moving average of GBX 9.69 and a 200-day simple moving average of GBX 11.37.
Bowleven plc engages in the exploration and appraisal of oil and gas properties in Africa. The company has strategic equity interests in two permits in Cameroon, including the offshore shallow water Etinde permit that covers an area of approximately 461 square kilometers; and the onshore Bomono permit covering an area of 2,328 square kilometers.
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