UK Oil & Gas (LON:UKOG) Share Price Passes Below 200-Day Moving Average – Time to Sell?

UK Oil & Gas PLC (LON:UKOG) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 0.01 and traded as low as GBX 0.01. UK Oil & Gas shares last traded at GBX 0.01, with a volume of 201,699,797 shares traded.

UK Oil & Gas Price Performance

The stock has a market cap of £2.61 million, a P/E ratio of -0.22 and a beta of 1.42. The firm has a 50 day simple moving average of GBX 0.01 and a 200-day simple moving average of GBX 0.01. The company has a quick ratio of 0.79, a current ratio of 0.61 and a debt-to-equity ratio of 959.28.

UK Oil & Gas (LON:UKOG) last issued its earnings results on Tuesday, May 5th. The company reported GBX (0.04) EPS for the quarter. UK Oil & Gas had a positive return on equity of 283.85% and a negative net margin of 1,720.75%.The business had revenue of GBX 43 million for the quarter.

UK Oil & Gas Company Profile

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.