UK Oil & Gas (LON:UKOG) Shares Pass Above Fifty Day Moving Average – What’s Next?

UK Oil & Gas PLC (LON:UKOG)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 0.01 and traded as high as GBX 0.01. UK Oil & Gas shares last traded at GBX 0.01, with a volume of 66,926,164 shares changing hands.

UK Oil & Gas Price Performance

The stock has a 50 day moving average of GBX 0.01 and a 200-day moving average of GBX 0.01. The company has a debt-to-equity ratio of -105.45, a quick ratio of 0.79 and a current ratio of 0.15. The firm has a market capitalization of £3.20 million, a P/E ratio of -0.23 and a beta of 1.44.

UK Oil & Gas (LON:UKOG) last posted its quarterly earnings data 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 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.