Union Jack Oil (LON:UJO) Stock Passes Below 50 Day Moving Average – Time to Sell?

Union Jack Oil plc (LON:UJOGet Free Report)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 2.93 and traded as low as GBX 2.20. Union Jack Oil shares last traded at GBX 2.20, with a volume of 480,276 shares trading hands.

Union Jack Oil Price Performance

The stock has a market capitalization of £3.37 million, a PE ratio of -3.83, a PEG ratio of 0.21 and a beta of 0.77. The business has a 50 day moving average price of GBX 2.93 and a 200 day moving average price of GBX 4.87.

Union Jack Oil Company Profile

(Get Free Report)

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.

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