United Oil & Gas (LON:UOG) Shares Up 14.1% – Here’s What Happened

Shares of United Oil & Gas Plc (LON:UOGGet Free Report) traded up 14.1% on Wednesday . The company traded as high as GBX 0.20 and last traded at GBX 0.19. 61,542,266 shares were traded during mid-day trading, a decline of 38% from the average session volume of 98,865,297 shares. The stock had previously closed at GBX 0.17.

United Oil & Gas Trading Down 2.4%

The firm has a market cap of £8.13 million, a price-to-earnings ratio of -2.50 and a beta of 1.66. The firm’s 50-day moving average is GBX 0.15 and its 200-day moving average is GBX 0.15. The company has a current ratio of 0.92, a quick ratio of 1.54 and a debt-to-equity ratio of 0.67.

About United Oil & Gas

(Get Free Report)

United Oil & Gas is a high growth oil and gas company, headquartered in Dublin and listed on the AIM market of the London Stock Exchange. United has a portfolio of low-risk, cash generative exploration, development, appraisal and production interests in Egypt, Jamaica and the UK. Led by an experienced management team with a strong track record of growing full cycle businesses and partnered with established industry players, the Company is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.

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