UK Oil & Gas (LON:UKOG) Stock Price Down 9.1% – Time to Sell?

UK Oil & Gas PLC (LON:UKOG) dropped 9.1% during mid-day trading on Wednesday . The stock traded as low as GBX 0.01 and last traded at GBX 0.01. Approximately 10,452,950 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 225,775,484 shares. The stock had previously closed at GBX 0.01.

UK Oil & Gas Stock Performance

The firm’s 50-day moving average is GBX 0.01 and its 200-day moving average is GBX 0.02. The company has a current ratio of 0.15, a quick ratio of 0.79 and a debt-to-equity ratio of -105.45. The firm has a market cap of £3.20 million, a price-to-earnings ratio of -0.12 and a beta of 1.44.

UK Oil & Gas (LON:UKOG) last posted its quarterly earnings results on Tuesday, May 5th. The company reported GBX (0.04) earnings per share (EPS) for the quarter. UK Oil & Gas had a negative net margin of 869.68% and a positive return on equity of 341.86%. The business had revenue of GBX 43 million during the quarter.

About UK Oil & Gas

UK Oil & Gas PLC operates as an oil and gas exploration and production company. It holds interest in the Loxley, Horse Hill, Horndean, Avington, Broadford Bridge, and Portland gas storage fields in the United Kingdom; and Basur-Resan field in Turkey. The company was incorporated in 2004 and is based in London, the United Kingdom.