Jersey Oil and Gas (LON:JOG) Trading Up 17.9% – Should You Buy?

Jersey Oil and Gas Plc (LON:JOG) shares shot up 17.9% during trading on Thursday . The stock traded as high as GBX 102 ($1.32) and last traded at GBX 102 ($1.32). 409,248 shares were traded during trading, an increase of 83% from the average session volume of 223,059 shares. The stock had previously closed at GBX 86.50 ($1.12).

Jersey Oil and Gas Trading Up 13.6 %

The company has a debt-to-equity ratio of 0.40, a current ratio of 69.26 and a quick ratio of 18.80. The business’s 50-day moving average is GBX 71.90 and its two-hundred day moving average is GBX 63.66. The firm has a market cap of £38.85 million, a P/E ratio of -7.30 and a beta of 0.96.

Insider Activity

In related news, insider Jason Andrew Benitz acquired 47,166 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was bought at an average price of GBX 53 ($0.69) per share, with a total value of £24,997.98 ($32,355.66). 55.99% of the stock is owned by corporate insiders.

About Jersey Oil and Gas

Jersey Oil & Gas is a UK E&P company focused on building an upstream oil and gas business in the North Sea. The Company holds a significant acreage position within the Central North Sea referred to as the Greater Buchan Area, which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries and an 88% working interest in the P2170 Licence, Blocks 20/5b & 21/1d, that contains the Verbier oil discovery.

JOG’s acreage is estimated by management to contain more than 140 million barrels of oil equivalent (“boe”) of discovered mean recoverable resources net to JOG, in addition to significant exploration upside potential.