Jersey Oil and Gas (LON:JOG) Trading Up 7.3% – Should You Buy?

Jersey Oil and Gas Plc (LON:JOG)’s share price shot up 7.3% on Friday . The company traded as high as GBX 117 and last traded at GBX 110. Approximately 115,822 shares traded hands during trading, a decline of 18% from the average session volume of 141,625 shares. The stock had previously closed at GBX 102.50.

Jersey Oil and Gas Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 46.30 and a quick ratio of 18.80. The stock has a market capitalization of £35.93 million, a P/E ratio of -20.99 and a beta of 0.03. The stock’s fifty day moving average is GBX 110.24 and its 200-day moving average is GBX 108.60.

Jersey Oil and Gas Company Profile

Jersey Oil & Gas is a UK E&P company focused on building an upstream oil and gas business in the North Sea. The Company holds a significant acreage position within the Central North Sea referred to as the Greater Buchan Area, which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries and an 88% working interest in the P2170 Licence, Blocks 20/5b & 21/1d, that contains the Verbier oil discovery.

JOG’s acreage is estimated by management to contain more than 140 million barrels of oil equivalent (“boe”) of discovered mean recoverable resources net to JOG, in addition to significant exploration upside potential.