Union Jack Oil (LON:UJO) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Union Jack Oil plc (LON:UJO)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 3.81 and traded as high as GBX 3.95. Union Jack Oil shares last traded at GBX 3.58, with a volume of 81,792 shares traded.

Union Jack Oil Stock Down 5.8%

The business has a 50-day moving average of GBX 3.81 and a 200-day moving average of GBX 3.62. The stock has a market cap of £5.25 million, a price-to-earnings ratio of -0.63, a PEG ratio of 0.21 and a beta of 0.49.

Union Jack Oil (LON:UJO) last posted 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%. Equities analysts anticipate that Union Jack Oil plc will post 1.7711172 earnings per share 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.