Seplat Energy (LON:SEPL) Stock Crosses Above 50 Day Moving Average - Here's Why

Seplat Energy Plc (LON:SEPL - Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 199.42 ($2.52) and traded as high as GBX 202 ($2.55). Seplat Energy shares last traded at GBX 202 ($2.55), with a volume of 61,663 shares trading hands.

Seplat Energy Price Performance

The stock's 50-day moving average is GBX 199.69 and its 200 day moving average is GBX 200.90. The stock has a market capitalization of £1.40 billion, a PE ratio of 17.41, a P/E/G ratio of 0.09 and a beta of 0.45. The company has a quick ratio of 1.40, a current ratio of 1.48 and a debt-to-equity ratio of 43.24.

Insider Activity at Seplat Energy

In related news, insider Udoma Udo Udoma acquired 10,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of GBX 200 ($2.53) per share, with a total value of £20,000 ($25,268.48). 1.65% of the stock is currently owned by insiders.

Seplat Energy Company Profile

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.