Union Jack Oil (LON:UJO) Shares Down 21.6% – What’s Next?

Union Jack Oil plc (LON:UJO) shares dropped 21.6% during mid-day trading on Tuesday . The stock traded as low as GBX 4 and last traded at GBX 4. Approximately 2,838,507 shares were traded during trading, an increase of 155% from the average daily volume of 1,112,559 shares. The stock had previously closed at GBX 5.10.

Union Jack Oil Price Performance

The company’s 50 day moving average price is GBX 3.01 and its 200 day moving average price is GBX 3.65. The firm has a market cap of £6.30 million, a PE ratio of -7.17, a price-to-earnings-growth ratio of 0.21 and a beta of 0.60.

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.