United Oil & Gas (LON:UOG) Trading 11.8% Higher – Time to Buy?

United Oil & Gas Plc (LON:UOG)’s stock price was up 11.8% during trading on Tuesday . The stock traded as high as GBX 0.19 and last traded at GBX 0.19. Approximately 76,779,922 shares were traded during trading, a decline of 0% from the average daily volume of 77,047,367 shares. The stock had previously closed at GBX 0.17.

United Oil & Gas Trading Up 11.8%

The business has a 50 day moving average of GBX 0.18 and a 200-day moving average of GBX 0.15. The stock has a market cap of £8.35 million, a PE ratio of -2.38 and a beta of 1.66. The company has a current ratio of 0.92, a quick ratio of 1.54 and a debt-to-equity ratio of 0.67.

United Oil & Gas Company Profile

United Oil & Gas is a high growth oil and gas company, headquartered in Dublin and listed on the AIM market of the London Stock Exchange. United has a portfolio of low-risk, cash generative exploration, development, appraisal and production interests in Egypt, Jamaica and the UK. Led by an experienced management team with a strong track record of growing full cycle businesses and partnered with established industry players, the Company is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.