Jersey Oil and Gas (LON:JOG) Reaches New 52-Week Low – Should You Sell?

Jersey Oil and Gas Plc (LON:JOG)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 46.20 ($0.58) and last traded at GBX 48.50 ($0.61), with a volume of 119549 shares trading hands. The stock had previously closed at GBX 51 ($0.64).

Jersey Oil and Gas Stock Down 4.9 %

The business’s 50 day moving average is GBX 60.14 and its 200-day moving average is GBX 78.31. The stock has a market cap of £15.84 million, a price-to-earnings ratio of -325.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 18.80 and a current ratio of 69.26.

Jersey Oil and Gas Company Profile

Jersey Oil and Gas Plc engages in the acquisition, exploration, appraisal, development, and production of oil and gas properties in the North Sea of the United Kingdom. The company holds a 100% interest in the Buchan and J2 project, which include P2498 Blocks 20/5A, 20/5E, and 21/1A licenses; and a 100% working interest in the Verbier project covering P2170 Blocks 20/5B and 21/1D licenses.