United Oil & Gas (LON:UOG) Stock Price Up 22% – Here’s What Happened

United Oil & Gas Plc (LON:UOGGet Free Report)’s stock price traded up 22% during mid-day trading on Wednesday . The company traded as high as GBX 0.25 and last traded at GBX 0.25. 113,144,758 shares were traded during mid-day trading, an increase of 128% from the average daily volume of 49,539,363 shares. The stock had previously closed at GBX 0.20.

United Oil & Gas Trading Up 22.0%

The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.54 and a current ratio of 0.92. The company has a market cap of £11.59 million, a P/E ratio of -5.00 and a beta of 1.66. The business has a fifty day simple moving average of GBX 0.20 and a 200 day simple moving average of GBX 0.20.

About United Oil & Gas

(Get Free Report)

United Oil & Gas is a high growth oil and gas company, headquartered in Dublin and listed on the AIM market of the London Stock Exchange. United has a portfolio of low-risk, cash generative exploration, development, appraisal and production interests in Egypt, Jamaica and the UK. Led by an experienced management team with a strong track record of growing full cycle businesses and partnered with established industry players, the Company is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.

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