United Oil & Gas (LON:UOG) Trading 17.3% Higher – Time to Buy?

United Oil & Gas Plc (LON:UOGGet Free Report)’s stock price rose 17.3% on Thursday . The company traded as high as GBX 0.13 and last traded at GBX 0.13. Approximately 16,075,712 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 52,767,508 shares. The stock had previously closed at GBX 0.11.

United Oil & Gas Stock Up 17.3%

The company has a market cap of £5.24 million, a price-to-earnings ratio of -1.61 and a beta of 1.66. The business has a 50-day simple moving average of GBX 0.13 and a two-hundred day simple moving average of GBX 0.16. The company has a quick ratio of 1.54, a current ratio of 0.92 and a debt-to-equity ratio of 0.67.

United Oil & Gas Company Profile

(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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