JKX Oil & Gas (LON:JKX) Trading 2.5% Higher – Here’s Why

JKX Oil & Gas plc (LON:JKX) traded up 2.5% during mid-day trading on Friday . The stock traded as high as GBX 41.50 ($0.52) and last traded at GBX 41.50 ($0.52). 546,075 shares were traded during mid-day trading, an increase of 44% from the average session volume of 380,321 shares. The stock had previously closed at GBX 40.50 ($0.51).

JKX Oil & Gas Stock Up 2.5 %

The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.62 and a current ratio of 3.21. The stock’s 50 day simple moving average is GBX 41.50 and its 200 day simple moving average is GBX 41.50. The firm has a market cap of £71.27 million and a P/E ratio of 3.40.

About JKX Oil & Gas

JKX Oil & Gas plc, through its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas reserves. The company holds interests in various properties located in Ukraine, Russia, and Hungary. It has total reserves of approximately 84.4 million barrels of oil equivalent.