UK Oil & Gas (LON:UKOG) Share Price Crosses Below 200-Day Moving Average – Here’s Why

UK Oil & Gas PLC (LON:UKOGGet Free Report)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 0.03 ($0.00) and traded as low as GBX 0.02 ($0.00). UK Oil & Gas shares last traded at GBX 0.02 ($0.00), with a volume of 67,059,750 shares changing hands.

UK Oil & Gas Price Performance

The company has a market cap of £1.95 million, a P/E ratio of -0.60 and a beta of 1.50. The stock has a 50-day simple moving average of GBX 0.02 and a 200 day simple moving average of GBX 0.03. The company has a debt-to-equity ratio of 11.41, a quick ratio of 0.79 and a current ratio of 0.33.

About UK Oil & Gas

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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.

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