Jersey Oil and Gas (LON:JOG) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Jersey Oil and Gas Plc (LON:JOG) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 107.33 and traded as high as GBX 122. Jersey Oil and Gas shares last traded at GBX 119, with a volume of 82,778 shares trading hands.

Jersey Oil and Gas Stock Down 2.7%

The stock’s 50-day moving average price is GBX 107.39 and its two-hundred day moving average price is GBX 115.88. The company has a current ratio of 79.11, a quick ratio of 18.80 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of £35.93 million, a P/E ratio of -22.27 and a beta of 0.96.

Jersey Oil and Gas Company Profile

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.