UK Oil & Gas (LON:UKOG) Trading 25% Higher – Here’s What Happened

UK Oil & Gas PLC (LON:UKOG)’s share price shot up 25% during trading on Friday . The stock traded as high as GBX 0.01 and last traded at GBX 0.01. 706,260,563 shares changed hands during trading, an increase of 234% from the average session volume of 211,512,516 shares. The stock had previously closed at GBX 0.01.

UK Oil & Gas Trading Up 25.0%

The business has a 50 day simple moving average of GBX 0.01 and a 200-day simple moving average of GBX 0.01. The stock has a market capitalization of £2.91 million, a price-to-earnings ratio of -0.23 and a beta of 1.42. The company has a debt-to-equity ratio of -105.45, a current ratio of 0.15 and a quick ratio of 0.79.

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

UK Oil & Gas Company Profile

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.