Jersey Oil and Gas (LON:JOG) Trading Down 13.9% – Time to Sell?

Shares of Jersey Oil and Gas Plc (LON:JOG) traded down 13.9% during trading on Tuesday . The stock traded as low as GBX 120 and last traded at GBX 120.50. 249,075 shares changed hands during trading, an increase of 36% from the average session volume of 182,709 shares. The stock had previously closed at GBX 140.

Jersey Oil and Gas Stock Performance

The company has a market cap of £41.16 million, a P/E ratio of -25.51 and a beta of 0.96. The company has a quick ratio of 18.80, a current ratio of 79.11 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is GBX 102.59 and its 200 day moving average price is GBX 115.54.

About Jersey Oil and Gas

Jersey Oil & Gas is a UK E&P company focused on building an upstream oil and gas business in the North Sea. The Company holds a significant acreage position within the Central North Sea referred to as the Greater Buchan Area, which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries and an 88% working interest in the P2170 Licence, Blocks 20/5b & 21/1d, that contains the Verbier oil discovery.

JOG’s acreage is estimated by management to contain more than 140 million barrels of oil equivalent (“boe”) of discovered mean recoverable resources net to JOG, in addition to significant exploration upside potential.