Union Jack Oil (LON:UJO) Trading Down 3.4% – Should You Sell?

Union Jack Oil plc (LON:UJO) dropped 3.4% on Thursday . The stock traded as low as GBX 8.61 ($0.11) and last traded at GBX 8.94 ($0.11). Approximately 544,088 shares changed hands during mid-day trading, an increase of 112% from the average daily volume of 256,768 shares. The stock had previously closed at GBX 9.25 ($0.12).

Wall Street Analysts Forecast Growth

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

Union Jack Oil Trading Down 7.6 %

The stock’s 50 day simple moving average is GBX 10.44 and its 200 day simple moving average is GBX 14.10. The stock has a market capitalization of £9.11 million, a P/E ratio of 855.00, a P/E/G 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.