Union Jack Oil (LON:UJO) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Union Jack Oil plc (LON:UJO)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 12.20 ($0.16) and traded as low as GBX 12.10 ($0.16). Union Jack Oil shares last traded at GBX 12.10 ($0.16), with a volume of 151,469 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “house stock” rating on shares of Union Jack Oil in a research report on Tuesday, February 25th.

Union Jack Oil Trading Up 4.0 %

The company has a market capitalization of £14.46 million, a PE ratio of 13.44, a PEG 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 12.20.

Union Jack Oil Company Profile

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.