Union Jack Oil (LON:UJO) Shares Up 11.8% – What’s Next?

Union Jack Oil plc (LON:UJO) shot up 11.8% during mid-day trading on Tuesday . The company traded as high as GBX 11.50 ($0.15) and last traded at GBX 10.90 ($0.14). 370,881 shares were traded during trading, an increase of 41% from the average session volume of 263,481 shares. The stock had previously closed at GBX 9.75 ($0.12).

Analyst Ratings Changes

Separately, Shore Capital reiterated a “house stock” rating on shares of Union Jack Oil in a research report on Monday, September 16th.

Union Jack Oil Price Performance

The business has a fifty day moving average of GBX 11.97 and a 200-day moving average of GBX 15.98. The stock has a market capitalization of £11.72 million, a price-to-earnings ratio of 1,100.00, a price-to-earnings-growth ratio of 0.21 and a beta of 0.77.

Union Jack Oil Company Profile

Union Jack Oil plc operates as an onshore oil and gas company in the United Kingdom. The company focuses on production, drilling, development, and investment in hydrocarbon projects. It holds interests in the Wilzetta, West Newton, Wressle Discovery, Broughton North, Biscathorpe, Keddington Oilfield Louth, North Somercotes, Fiskerton Oilfield, North Kelsey, Dukes Wood, Kirklington, Widmerpool Gulf, Laughton, and Humber Basin projects.