Seplat Energy (LON:SEPL) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Shares of Seplat Energy Plc (LON:SEPL) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 199.42 ($2.51) and traded as high as GBX 202 ($2.54). Seplat Energy shares last traded at GBX 202 ($2.54), with a volume of 61,663 shares.

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 company has a market capitalization of £1.47 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 0.09 and a beta of 0.45. The firm has a fifty day simple moving average of GBX 199.42 and a 200 day simple moving average of GBX 200.84.

Insider Activity at Seplat Energy

In other news, insider Udoma Udo Udoma bought 10,000 shares of Seplat Energy stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of GBX 200 ($2.52) per share, with a total value of £20,000 ($25,166.73). 1.65% of the stock is owned by corporate insiders.

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.