Seascape Energy Asia (LON:SEA) Reaches New 52-Week High on Insider Buying Activity

Seascape Energy Asia plc (LON:SEAGet Free Report) shares reached a new 52-week high during trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 45 ($0.57) and last traded at GBX 39.10 ($0.49), with a volume of 3161211 shares traded. The stock had previously closed at GBX 36.33 ($0.46).

Specifically, insider James Menzies acquired 158,806 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were purchased at an average price of GBX 38 ($0.48) per share, for a total transaction of £60,346.28 ($76,378.03).

Seascape Energy Asia Stock Up 7.6 %

The company has a market cap of £22.33 million, a PE ratio of -217.22 and a beta of 0.12.

About Seascape Energy Asia

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Seascape Energy Asia plc, a full-cycle E&P company, focuses on acquiring oil and gas assets in Norway, Malaysia, South-East Asia, and the United Kingdom. The company was formerly known as Longboat Energy plc and changed its name to Seascape Energy Asia plc in September 2024. Seascape Energy Asia plc was incorporated in 2019 and is based in London, the United Kingdom.

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