Union Jack Oil (LON:UJO) Trading 9.3% Higher – What’s Next?

Shares of Union Jack Oil plc (LON:UJOGet Free Report) rose 9.3% on Thursday . The company traded as high as GBX 4.09 and last traded at GBX 3.99. Approximately 63,010 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 1,116,919 shares. The stock had previously closed at GBX 3.65.

Union Jack Oil Trading Up 11.7%

The company has a market cap of £5.98 million, a P/E ratio of -6.80, a price-to-earnings-growth ratio of 0.21 and a beta of 0.60. The company has a 50 day moving average price of GBX 3.27 and a 200-day moving average price of GBX 3.61.

Union Jack Oil Company Profile

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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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