Union Jack Oil (LON:UJO) Shares Down 11.9% – Here’s What Happened

Union Jack Oil plc (LON:UJO)’s stock price was down 11.9% during trading on Wednesday . The stock traded as low as GBX 3.70 and last traded at GBX 3.70. Approximately 219,396 shares were traded during trading, a decline of 81% from the average daily volume of 1,132,916 shares. The stock had previously closed at GBX 4.20.

Union Jack Oil Trading Down 11.9%

The company’s 50-day simple moving average is GBX 3.24 and its 200-day simple moving average is GBX 3.61. The stock has a market capitalization of £5.42 million, a price-to-earnings ratio of -6.17, a PEG ratio of 0.21 and a beta of 0.60.

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.