Union Jack Oil (LON:UJO) Sets New 1-Year Low – Time to Sell?

Shares of Union Jack Oil plc (LON:UJO) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 9.02 ($0.11) and last traded at GBX 9.87 ($0.12), with a volume of 200222 shares traded. The stock had previously closed at GBX 10.50 ($0.13).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Union Jack Oil in a research note on Monday, September 16th.

Union Jack Oil Trading Up 9.2 %

The business has a 50-day moving average price of GBX 10.62 and a 200 day moving average price of GBX 14.50. The stock has a market capitalization of £11.05 million, a P/E ratio of 1,037.00, a P/E/G ratio of 0.21 and a beta of 0.77.

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.