Bowleven (LON:BLVN) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Bowleven plc (LON:BLVNGet Free Report)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 0.22 ($0.00) and traded as low as GBX 0.10 ($0.00). Bowleven shares last traded at GBX 0.28 ($0.00), with a volume of 9,586,457 shares traded.

Bowleven Trading Up 10.0 %

The firm has a 50-day moving average of GBX 0.25 and a two-hundred day moving average of GBX 0.22. The firm has a market capitalization of £5.20 million, a P/E ratio of -16.50, a P/E/G ratio of -0.02 and a beta of 0.53. The company has a current ratio of 5.74, a quick ratio of 8.06 and a debt-to-equity ratio of 0.01.

Bowleven Company Profile

(Get Free Report)

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