Jersey Oil and Gas (LON:JOG) Shares Up 8.4% – Time to Buy?

Jersey Oil and Gas Plc (LON:JOG) shares traded up 8.4% on Thursday . The stock traded as high as GBX 122 ($1.58) and last traded at GBX 122 ($1.58). 209,554 shares changed hands during trading, a decline of 16% from the average session volume of 249,194 shares. The stock had previously closed at GBX 112.50 ($1.46).

Jersey Oil and Gas Trading Up 7.6 %

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 company has a market cap of £39.80 million, a P/E ratio of -7.48 and a beta of 0.96. The stock’s 50-day moving average is GBX 74.80 and its two-hundred day moving average is GBX 64.85.

Insider Activity

In other Jersey Oil and Gas news, insider Jason Andrew Benitz purchased 47,166 shares of Jersey Oil and Gas stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of GBX 53 ($0.69) per share, with a total value of £24,997.98 ($32,460.69). Insiders own 55.99% of the company’s stock.

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.