United Oil & Gas (LON:UOG) Shares Up 10.3% – Here’s Why

United Oil & Gas Plc (LON:UOG)’s share price rose 10.3% during trading on Tuesday . The company traded as high as GBX 0.16 and last traded at GBX 0.16. Approximately 44,840,055 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 95,610,219 shares. The stock had previously closed at GBX 0.15.

United Oil & Gas Trading Up 17.2%

The company has a debt-to-equity ratio of 0.67, a current ratio of 0.92 and a quick ratio of 1.54. The firm has a fifty day simple moving average of GBX 0.13 and a 200-day simple moving average of GBX 0.15. The firm has a market cap of £6.91 million, a P/E ratio of -2.13 and a beta of 1.66.

United Oil & Gas Company Profile

United Oil & Gas is a high growth oil and gas company, headquartered in Dublin and listed on the AIM market of the London Stock Exchange. United has a portfolio of low-risk, cash generative exploration, development, appraisal and production interests in Egypt, Jamaica and the UK. Led by an experienced management team with a strong track record of growing full cycle businesses and partnered with established industry players, the Company is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.