Union Jack Oil (LON:UJO) Trading 15.5% Higher – Still a Buy?

Union Jack Oil plc (LON:UJO)’s stock price traded up 15.5% on Monday . The stock traded as high as GBX 4.40 and last traded at GBX 3.81. 3,187,935 shares were traded during mid-day trading, an increase of 207% from the average session volume of 1,039,524 shares. The stock had previously closed at GBX 3.30.

Union Jack Oil Trading Up 8.6%

The firm has a fifty day simple moving average of GBX 4.04 and a two-hundred day simple moving average of GBX 3.41. The stock has a market cap of £6.30 million, a PE ratio of -0.76, a PEG ratio of 0.21 and a beta of 0.50.

Union Jack Oil (LON:UJO) last released its quarterly earnings results on Tuesday, May 26th. The company reported GBX (568) earnings per share for the quarter. Union Jack Oil had a negative net margin of 282.36% and a negative return on equity of 36.79%. The business had revenue of GBX 249 million during the quarter. Equities analysts forecast that Union Jack Oil plc will post 1.7711172 earnings per share for the current 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.