Union Jack Oil (LON:UJO) Shares Down 6.9% – Time to Sell?

Union Jack Oil plc (LON:UJO)’s share price fell 6.9% during trading on Monday. The company traded as low as GBX 2.30 and last traded at GBX 2.70. Approximately 1,154,758 shares were traded during trading, an increase of 62% from the average daily volume of 712,523 shares. The stock had previously closed at GBX 2.90.

Union Jack Oil Stock Down 6.9%

The stock has a fifty day moving average of GBX 3.05 and a 200 day moving average of GBX 3.56. The company has a debt-to-equity ratio of 6.29, a current ratio of 1.58 and a quick ratio of 22.50. The firm has a market capitalization of £3.96 million, a P/E ratio of -0.46, a price-to-earnings-growth ratio of 0.21 and a beta of 0.46.

Union Jack Oil (LON:UJO) last announced its quarterly earnings data on Tuesday, September 29th. The company reported GBX (0.61) earnings per share (EPS) for the quarter. Union Jack Oil had a negative net margin of 269.50% and a negative return on equity of 45.39%. On average, research analysts anticipate that Union Jack Oil plc will post 1.77 EPS for the current fiscal year.

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.