Jersey Oil and Gas (LON:JOG) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Jersey Oil and Gas Plc (LON:JOG) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 89.79 and traded as low as GBX 89. Jersey Oil and Gas shares last traded at GBX 91.66, with a volume of 115,576 shares traded.

Jersey Oil and Gas Price Performance

The company has a quick ratio of 18.80, a current ratio of 69.26 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of £29.94 million, a price-to-earnings ratio of -18.55 and a beta of 0.96. The company has a fifty day moving average price of GBX 89.79 and a two-hundred day moving average price of GBX 114.53.

About Jersey Oil and Gas

Jersey Oil & Gas is a UK E&P company focused on building an upstream oil and gas business in the North Sea. The Company holds a significant acreage position within the Central North Sea referred to as the Greater Buchan Area, which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries and an 88% working interest in the P2170 Licence, Blocks 20/5b & 21/1d, that contains the Verbier oil discovery.

JOG’s acreage is estimated by management to contain more than 140 million barrels of oil equivalent (“boe”) of discovered mean recoverable resources net to JOG, in addition to significant exploration upside potential.