UK Oil & Gas (LON:UKOG) Shares Down 27.8% – Here’s Why

Shares of UK Oil & Gas PLC (LON:UKOGGet Free Report) traded down 27.8% during mid-day trading on Friday . The company traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). 323,129,188 shares traded hands during trading, an increase of 219% from the average session volume of 101,189,188 shares. The stock had previously closed at GBX 0.02 ($0.00).

UK Oil & Gas Stock Down 33.3 %

The business has a fifty day simple moving average of GBX 0.02 and a 200 day simple moving average of GBX 0.03. The firm has a market cap of £1.52 million, a price-to-earnings ratio of -0.09 and a beta of 1.50. The company has a debt-to-equity ratio of 11.34, a current ratio of 0.33 and a quick ratio of 0.79.

About UK Oil & Gas

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UK Oil & Gas PLC operates as an oil and gas exploration and production company. It holds interest in the Loxley, Horse Hill, Horndean, Avington, Broadford Bridge, and Portland gas storage fields in the United Kingdom; and Basur-Resan field in Turkey. The company was incorporated in 2004 and is based in London, the United Kingdom.

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