Jersey Oil and Gas (LON:JOG) Reaches New 1-Year Low – Here’s Why

Jersey Oil and Gas Plc (LON:JOG)’s stock price hit a new 52-week low on Tuesday . The company traded as low as GBX 45.60 ($0.57) and last traded at GBX 47 ($0.59), with a volume of 204749 shares traded. The stock had previously closed at GBX 48.50 ($0.61).

Jersey Oil and Gas Trading Down 3.1 %

The company has a market cap of £15.35 million, a P/E ratio of -293.75 and a beta of 0.96. The company has a quick ratio of 18.80, a current ratio of 69.26 and a debt-to-equity ratio of 0.40. The firm’s 50-day moving average price is GBX 58.72 and its 200-day moving average price is GBX 73.87.

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.