Union Jack Oil (LON:UJO) Shares Down 2.3% – Here’s What Happened

Shares of Union Jack Oil plc (LON:UJO) were down 2.3% during mid-day trading on Tuesday . The stock traded as low as GBX 10.25 ($0.13) and last traded at GBX 10.50 ($0.13). Approximately 161,442 shares changed hands during trading, a decline of 37% from the average daily volume of 256,821 shares. The stock had previously closed at GBX 10.75 ($0.13).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “house stock” rating on shares of Union Jack Oil in a research report on Monday, September 16th.

Union Jack Oil Price Performance

The stock has a market capitalization of £11.03 million, a PE ratio of 1,034.80, a P/E/G ratio of 0.21 and a beta of 0.77. The firm’s 50 day simple moving average is GBX 10.79 and its 200 day simple moving average is GBX 14.69.

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.