Union Jack Oil (LON:UJO) Shares Pass Below 200 Day Moving Average – Should You Sell?

Union Jack Oil plc (LON:UJOGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 12.95 ($0.16) and traded as low as GBX 10.72 ($0.13). Union Jack Oil shares last traded at GBX 10.72 ($0.13), with a volume of 73,824 shares changing hands.

Union Jack Oil Stock Performance

The company has a market capitalization of £11.42 million, a price-to-earnings ratio of 1,072.00, a price-to-earnings-growth ratio of 0.21 and a beta of 0.77. The firm has a fifty day moving average price of GBX 10.31 and a 200-day moving average price of GBX 12.95.

About Union Jack Oil

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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.

Further Reading

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