Union Jack Oil (LON:UJO) Shares Down 12% – Should You Sell?

Union Jack Oil plc (LON:UJO)’s stock price traded down 12% during mid-day trading on Tuesday . The stock traded as low as GBX 4.05 and last traded at GBX 4.05. 222,344 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 1,015,200 shares. The stock had previously closed at GBX 4.60.

Union Jack Oil Stock Down 1.8%

The company has a market capitalization of £5.32 million, a price-to-earnings ratio of -6.05, a P/E/G ratio of 0.21 and a beta of 0.50. The company has a 50-day moving average price of GBX 4.02 and a 200-day moving average price of GBX 3.35.

Union Jack Oil (LON:UJO) last issued its quarterly earnings results on Tuesday, May 26th. The company reported GBX (568) earnings per share (EPS) for the quarter. Union Jack Oil had a negative net margin of 21.87% and a negative return on equity of 2.91%. The business had revenue of GBX 249 million during the quarter. Equities analysts expect that Union Jack Oil plc will post 1.7711172 EPS for the current fiscal year.

About Union Jack Oil

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. The company was incorporated in 2011 and is based in Bath, the United Kingdom.