Seplat Energy (LON:SEPL) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Seplat Energy Plc (LON:SEPL)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 195.34 ($2.64) and traded as high as GBX 227 ($3.07). Seplat Energy shares last traded at GBX 223.50 ($3.02), with a volume of 93,632 shares trading hands.

Seplat Energy Stock Performance

The company has a debt-to-equity ratio of 43.24, a current ratio of 1.48 and a quick ratio of 1.40. The stock has a market capitalization of £1.63 billion, a PE ratio of 20.27, a P/E/G ratio of 0.09 and a beta of 0.45. The stock has a 50 day moving average of GBX 195.34 and a two-hundred day moving average of GBX 195.28.

Insiders Place Their Bets

In other news, insider Roger Thompson Brown bought 50,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of GBX 170 ($2.30) per share, for a total transaction of £85,000 ($114,989.18). Also, insider Babs Omotowa acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average price of GBX 177 ($2.39) per share, for a total transaction of £35,400 ($47,889.61). In the last ninety days, insiders have purchased 88,000 shares of company stock worth $15,226,000. Corporate insiders own 1.65% of the company’s stock.

About Seplat Energy

Seplat Energy is Nigeria’s leading indigenous, independent oil and gas producer, producing oil and gas production volumes of 48,152 barrels of oil equivalent per day (boepd) in 9M 2023, including 117 MMscfd (20,083 boepd) of processed natural gas for domestic power generation in 9M 2023.

Seplat Energy is focused on powering Nigeria’s energy transition.