Union Jack Oil (LON:UJO) Stock Price Down 6.9% – Time to Sell?

Union Jack Oil plc (LON:UJO)’s stock price dropped 6.9% on Monday. The stock traded as low as GBX 2.30 and last traded at GBX 2.70. 1,154,758 shares changed hands during trading, an increase of 62% from the average session volume of 712,523 shares. The stock had previously closed at GBX 2.90.

Union Jack Oil Stock Down 6.9%

The company has a current ratio of 1.58, a quick ratio of 22.50 and a debt-to-equity ratio of 6.29. The stock has a market capitalization of £3.96 million, a PE ratio of -0.46, a P/E/G ratio of 0.21 and a beta of 0.46. The stock’s fifty day simple moving average is GBX 3.05 and its 200-day simple moving average is GBX 3.56.

Union Jack Oil (LON:UJO) last announced its earnings results on Tuesday, September 29th. The company reported GBX (0.61) EPS for the quarter. Union Jack Oil had a negative net margin of 269.50% and a negative return on equity of 45.39%. As a group, sell-side analysts forecast that Union Jack Oil plc will post 1.77 EPS for the current fiscal year.

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.