Harbour Energy (LON:HBR) Trading Up 1.3% – Should You Buy?

Harbour Energy plc (LON:HBR) shares were up 1.3% on Wednesday . The company traded as high as GBX 256.50 ($3.27) and last traded at GBX 256 ($3.27). Approximately 621,323 shares were traded during trading, a decline of 79% from the average daily volume of 2,944,217 shares. The stock had previously closed at GBX 252.80 ($3.22).

Harbour Energy Stock Performance

The company has a current ratio of 0.81, a quick ratio of 0.33 and a debt-to-equity ratio of 89.42. The stock’s 50 day moving average price is GBX 263.76 and its two-hundred day moving average price is GBX 282.96. The firm has a market capitalization of £3.66 billion, a PE ratio of 2,844.44, a PEG ratio of 0.04 and a beta of -0.23.

Insider Transactions at Harbour Energy

In other Harbour Energy news, insider Blair Thomas sold 8,200,000 shares of Harbour Energy stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of GBX 265 ($3.38), for a total value of £21,730,000 ($27,720,372.50). Corporate insiders own 64.08% of the company’s stock.

Harbour Energy Company Profile

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.