Union Jack Oil (LON:UJO) Shares Down 12% – Here’s Why

Union Jack Oil plc (LON:UJO) traded down 12% on Monday . The company traded as low as GBX 2.42 and last traded at GBX 2.42. 193,260 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 492,580 shares. The stock had previously closed at GBX 2.75.

Union Jack Oil Stock Down 9.9%

The stock’s 50-day moving average price is GBX 3.69 and its 200-day moving average price is GBX 5.65. The company has a market capitalization of £3.63 million, a price-to-earnings ratio of -4.13, a price-to-earnings-growth ratio of 0.21 and a beta of 0.77.

Union Jack Oil (LON:UJO) last issued its quarterly earnings results on Monday, September 29th. The company reported GBX (0.46) earnings per share for the quarter. Union Jack Oil had a net margin of 28.17% and a return on equity of 4.87%. On average, equities research analysts anticipate that Union Jack Oil plc will post 1.7711172 EPS 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.