Union Jack Oil (LON:UJO) Shares Down 6.5% – Should You Sell?

Union Jack Oil plc (LON:UJO) fell 6.5% during mid-day trading on Wednesday . The stock traded as low as GBX 3.46 and last traded at GBX 3.46. 1,267,531 shares traded hands during trading, an increase of 22% from the average session volume of 1,040,519 shares. The stock had previously closed at GBX 3.70.

Union Jack Oil Stock Down 2.1%

The firm has a market cap of £5.17 million, a PE ratio of -0.62, a P/E/G ratio of 0.21 and a beta of 0.50. The firm’s fifty day simple moving average is GBX 3.98 and its two-hundred day simple moving average is GBX 3.38.

Union Jack Oil (LON:UJO) last issued its quarterly earnings results on Tuesday, May 26th. The company reported GBX (568) earnings per share for the quarter. Union Jack Oil had a negative net margin of 282.36% and a negative return on equity of 36.79%. The firm had revenue of GBX 249 million for the quarter. As a group, analysts anticipate that Union Jack Oil plc will post 1.7711172 earnings per share for the current fiscal year.

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.