UK Oil & Gas (LON:UKOG) Shares Pass Below Fifty Day Moving Average – What’s Next?

UK Oil & Gas PLC (LON:UKOGGet Free Report)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 0.03 ($0.00) and traded as low as GBX 0.02 ($0.00). UK Oil & Gas shares last traded at GBX 0.02 ($0.00), with a volume of 40,966,215 shares trading hands.

UK Oil & Gas Stock Down 4.5 %

The company has a debt-to-equity ratio of 11.41, a current ratio of 0.33 and a quick ratio of 0.79. The company has a market cap of £2.16 million, a PE ratio of -0.60 and a beta of 1.50. The business’s 50 day moving average is GBX 0.03 and its 200-day moving average is GBX 0.03.

About UK Oil & Gas

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UK Oil & Gas PLC operates as an oil and gas exploration and production company. It holds interest in the Loxley, Horse Hill, Horndean, Avington, Broadford Bridge, and Portland gas storage fields in the United Kingdom; and Basur-Resan field in Turkey. The company was incorporated in 2004 and is based in London, the United Kingdom.

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