Union Jack Oil (LON:UJO) Stock Falls 6.9% – Time to Sell?

Union Jack Oil plc (LON:UJO) dropped 6.9% during mid-day trading on Monday. The stock traded as low as GBX 2.30 and last traded at GBX 2.70. 1,154,758 shares were traded during mid-day trading, an increase of 62% from the average daily volume of 712,523 shares. The stock had previously closed at GBX 2.90.

Union Jack Oil Price Performance

The company has a market cap of £3.05 million, a PE ratio of -0.36, a price-to-earnings-growth ratio of 0.21 and a beta of 0.43. The company has a debt-to-equity ratio of 6.29, a quick ratio of 22.50 and a current ratio of 1.58. The stock has a 50 day moving average of GBX 3 and a 200-day moving average of GBX 3.55.

Union Jack Oil (LON:UJO) last posted its quarterly earnings results on Tuesday, September 29th. The company reported GBX (0.61) earnings per share for the quarter. Union Jack Oil had a negative net margin of 269.50% and a negative return on equity of 45.39%. Equities analysts predict that Union Jack Oil plc will post 1.77 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.