Union Jack Oil (LON:UJO) Shares Up 5.8% – Time to Buy?

Union Jack Oil plc (LON:UJO) shot up 5.8% on Tuesday . The stock traded as high as GBX 3.50 and last traded at GBX 3.18. 1,356,176 shares were traded during mid-day trading, an increase of 110% from the average session volume of 645,242 shares. The stock had previously closed at GBX 3.

Union Jack Oil Stock Performance

The company has a 50 day moving average of GBX 2.87 and a 200 day moving average of GBX 3.68. The stock has a market capitalization of £5.86 million, a price-to-earnings ratio of -6.67, a P/E/G ratio of 0.21 and a beta of 0.68.

About Union Jack Oil

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.