Union Jack Oil (LON:UJO) Stock Passes Below 200 Day Moving Average – Here’s Why

Union Jack Oil plc (LON:UJO) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 10.96 ($0.15) and traded as low as GBX 9 ($0.12). Union Jack Oil shares last traded at GBX 9.40 ($0.12), with a volume of 233,068 shares.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Union Jack Oil in a research report on Tuesday, February 25th.

Union Jack Oil Stock Performance

The stock has a market cap of £10.79 million, a price-to-earnings ratio of 10.03, a PEG ratio of 0.21 and a beta of 0.77. The business has a fifty day simple moving average of GBX 11.16 and a 200 day simple moving average of GBX 10.92.

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.