Jersey Oil and Gas (LON:JOG) Stock Price Down 13.9% – Should You Sell?

Jersey Oil and Gas Plc (LON:JOG)’s stock price was down 13.9% during mid-day trading on Tuesday . The company traded as low as GBX 120 and last traded at GBX 120.50. Approximately 249,075 shares changed hands during mid-day trading, an increase of 36% from the average daily volume of 182,709 shares. The stock had previously closed at GBX 140.

Jersey Oil and Gas Stock Down 11.4%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 18.80 and a current ratio of 79.11. The firm has a market capitalization of £40.51 million, a PE ratio of -25.10 and a beta of 0.96. The company has a fifty day moving average price of GBX 101.08 and a 200-day moving average price of GBX 115.39.

Jersey Oil and Gas Company Profile

Jersey Oil & Gas is a UK E&P company focused on building an upstream oil and gas business in the North Sea. The Company holds a significant acreage position within the Central North Sea referred to as the Greater Buchan Area, which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries and an 88% working interest in the P2170 Licence, Blocks 20/5b & 21/1d, that contains the Verbier oil discovery.

JOG’s acreage is estimated by management to contain more than 140 million barrels of oil equivalent (“boe”) of discovered mean recoverable resources net to JOG, in addition to significant exploration upside potential.