Bowleven (LON:BLVN) Shares Pass Below Two Hundred Day Moving Average of $3.41

Bowleven plc (LON:BLVNGet Rating) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3.41 ($0.04) and traded as low as GBX 1.53 ($0.02). Bowleven shares last traded at GBX 1.95 ($0.02), with a volume of 167,456 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Bowleven in a research report on Tuesday, November 1st.

Bowleven Price Performance

The stock’s 50-day moving average price is GBX 3.03 and its 200 day moving average price is GBX 3.40. The firm has a market cap of £7.38 million and a price-to-earnings ratio of -3.79. The company has a quick ratio of 8.06, a current ratio of 9.82 and a debt-to-equity ratio of 0.01.

About Bowleven

(Get Rating)

Bowleven plc engages in the exploration and appraisal of oil and gas properties in Africa. It holds a 25% interest in the offshore shallow water 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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