Union Jack Oil (LON:UJO) Trading Down 3.4% – What’s Next?

Shares of Union Jack Oil plc (LON:UJO) dropped 3.4% during trading on Thursday . The stock traded as low as GBX 8.61 ($0.11) and last traded at GBX 8.94 ($0.11). Approximately 544,088 shares traded hands during mid-day trading, an increase of 112% from the average daily volume of 256,768 shares. The stock had previously closed at GBX 9.25 ($0.11).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of Union Jack Oil in a research report on Monday, September 16th.

Union Jack Oil Trading Up 2.9 %

The firm has a market cap of £9.59 million, a P/E ratio of 900.00, a P/E/G ratio of 0.21 and a beta of 0.77. The stock has a 50 day simple moving average of GBX 10.39 and a 200-day simple moving average of GBX 14.

Union Jack Oil Company Profile

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.