Union Jack Oil (LON:UJO) Stock Price Down 6.5% – Time to Sell?

Union Jack Oil plc (LON:UJO)’s share price dropped 6.5% on Wednesday . The company traded as low as GBX 3.46 and last traded at GBX 3.46. Approximately 1,267,531 shares changed hands during trading, an increase of 22% from the average daily volume of 1,040,519 shares. The stock had previously closed at GBX 3.70.

Union Jack Oil Trading Up 1.2%

The stock’s fifty day moving average is GBX 4 and its two-hundred day moving average is GBX 3.37. The firm has a market cap of £5.13 million, a P/E ratio of -5.83, a price-to-earnings-growth ratio of 0.21 and a beta of 0.50.

Union Jack Oil (LON:UJO) last posted its 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.

About Union Jack Oil

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.