Jersey Oil and Gas (LON:JOG) Shares Up 13.3% – Here’s Why

Jersey Oil and Gas Plc (LON:JOG) shares rose 13.3% on Monday. The stock traded as high as GBX 120 and last traded at GBX 118.40. 443,804 shares changed hands during mid-day trading, an increase of 240% from the average session volume of 130,540 shares. The stock had previously closed at GBX 104.50.

Jersey Oil and Gas Stock Up 13.3%

The firm has a 50-day simple moving average of GBX 106.79 and a 200-day simple moving average of GBX 105.77. The stock has a market cap of £38.68 million, a PE ratio of -20.99 and a beta of 0.03.

Jersey Oil and Gas (LON:JOG) last issued its earnings results on Tuesday, September 29th. The company reported GBX (2.53) EPS for the quarter. On average, research analysts expect that Jersey Oil and Gas Plc will post -1040.47 earnings per share for the current year.

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.