Union Jack Oil (LON:UJO) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Union Jack Oil plc (LON:UJO) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 13.92 ($0.18) and traded as low as GBX 11 ($0.14). Union Jack Oil shares last traded at GBX 11.78 ($0.15), with a volume of 68,025 shares changing hands.

Analyst Upgrades and Downgrades

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

Union Jack Oil Trading Down 5.0 %

The firm has a market capitalization of £11.89 million, a price-to-earnings ratio of 1,177.80, a P/E/G ratio of 0.21 and a beta of 0.77. The company’s 50 day moving average is GBX 13.92 and its 200-day moving average is GBX 17.53.

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.