Jersey Oil and Gas (LON:JOG) Trading Up 11.1% – Still a Buy?

Shares of Jersey Oil and Gas Plc (LON:JOG) rose 11.1% on Wednesday . The stock traded as high as GBX 111 and last traded at GBX 110. Approximately 232,441 shares were traded during mid-day trading, an increase of 115% from the average daily volume of 107,981 shares. The stock had previously closed at GBX 99.

Jersey Oil and Gas Stock Performance

The firm has a market capitalization of £37.57 million, a PE ratio of -23.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 18.80 and a current ratio of 69.26. The business’s fifty day simple moving average is GBX 93.37 and its 200-day simple moving average is GBX 113.88.

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.