Union Jack Oil (LON:UJO) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Union Jack Oil plc (LON:UJO) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3.48 and traded as low as GBX 3. Union Jack Oil shares last traded at GBX 3.89, with a volume of 723,531 shares.

Union Jack Oil Price Performance

The company’s fifty day moving average price is GBX 4.08 and its 200 day moving average price is GBX 3.48. The company has a market cap of £5.70 million, a PE ratio of -0.68, a P/E/G ratio of 0.21 and a beta of 0.49.

Union Jack Oil (LON:UJO) last released its quarterly earnings results on Tuesday, May 26th. The company reported GBX (568) earnings per share for the quarter. The firm had revenue of GBX 249 million for the quarter. Union Jack Oil had a negative return on equity of 36.79% and a negative net margin of 282.36%. On average, analysts forecast that Union Jack Oil plc will post 1.7711172 EPS for the current year.

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. The company was incorporated in 2011 and is based in Bath, the United Kingdom.