United Oil & Gas (LON:UOG) Trading 17.3% Higher – Here’s Why

United Oil & Gas Plc (LON:UOGGet Free Report) traded up 17.3% during trading on Tuesday . The company traded as high as GBX 0.12 ($0.00) and last traded at GBX 0.12 ($0.00). 99,538,625 shares changed hands during mid-day trading, an increase of 206% from the average session volume of 32,556,285 shares. The stock had previously closed at GBX 0.10 ($0.00).

United Oil & Gas Stock Up 17.3 %

The company has a current ratio of 0.92, a quick ratio of 1.54 and a debt-to-equity ratio of 0.67. The company has a 50 day simple moving average of GBX 0.12 and a two-hundred day simple moving average of GBX 0.16. The firm has a market capitalization of £1.33 million, a P/E ratio of 165.00 and a beta of 1.66.

About United Oil & Gas

(Get Free Report)

United Oil & Gas is a high growth oil and gas company, headquartered in Dublin and listed on the AIM market of the London Stock Exchange. United has a portfolio of low-risk, cash generative exploration, development, appraisal and production interests in Egypt, Jamaica and the UK. Led by an experienced management team with a strong track record of growing full cycle businesses and partnered with established industry players, the Company is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.

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