Union Jack Oil (LON:UJO) Shares Pass Below 50-Day Moving Average – What’s Next?

Union Jack Oil plc (LON:UJOGet Free Report)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 5.07 ($0.07) and traded as low as GBX 4.70 ($0.06). Union Jack Oil shares last traded at GBX 4.81 ($0.06), with a volume of 582,129 shares traded.

Union Jack Oil Stock Performance

The stock has a market cap of £7.06 million, a P/E ratio of -802.50, a P/E/G ratio of 0.21 and a beta of 0.77. The business has a 50 day simple moving average of GBX 5.07 and a 200-day simple moving average of GBX 7.68.

Union Jack Oil (LON:UJOGet Free Report) last issued its quarterly earnings results on Monday, September 29th. The company reported GBX (0.46) earnings per share for the quarter. Union Jack Oil had a return on equity of 4.87% and a net margin of 28.17%. On average, sell-side analysts predict that Union Jack Oil plc will post 1.7711172 earnings per share for the current fiscal year.

Insider Buying and Selling at Union Jack Oil

In related news, insider Craig Howie purchased 255,000 shares of the firm’s stock in a transaction dated Thursday, July 24th. The stock was bought at an average price of GBX 5 per share, for a total transaction of £12,750. 4.18% of the stock is owned by corporate insiders.

Union Jack Oil Company Profile

(Get Free Report)

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.

Further Reading

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