Union Jack Oil (LON:UJO) Hits New 52-Week Low – Here’s Why

Union Jack Oil plc (LON:UJO) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 8.50 ($0.11) and last traded at GBX 9 ($0.11), with a volume of 720862 shares changing hands. The stock had previously closed at GBX 8.75 ($0.11).

Analysts Set New Price Targets

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

Union Jack Oil Trading Up 2.9 %

The firm’s 50 day moving average price is GBX 10.39 and its two-hundred day moving average price is GBX 14. The company has a market capitalization of £9.59 million, a P/E ratio of 900.00, a PEG 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.