United Oil & Gas (LON:UOG) Shares Down 11.1% – What’s Next?

United Oil & Gas Plc (LON:UOGGet Free Report) dropped 11.1% during mid-day trading on Thursday . The company traded as low as GBX 0.19 and last traded at GBX 0.20. Approximately 121,318,094 shares changed hands during mid-day trading, an increase of 109% from the average daily volume of 58,039,898 shares. The stock had previously closed at GBX 0.23.

United Oil & Gas Stock Down 11.1%

The firm has a market capitalization of £8.79 million, a price-to-earnings ratio of -4.00 and a beta of 1.66. The company has a quick ratio of 1.54, a current ratio of 0.92 and a debt-to-equity ratio of 0.67. The company’s 50 day moving average price is GBX 0.21 and its 200 day moving average price is GBX 0.19.

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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