Union Jack Oil (LON:UJO) Shares Pass Above 50 Day Moving Average – What’s Next?

Shares of Union Jack Oil plc (LON:UJO) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 5.06 ($0.07) and traded as high as GBX 5.20 ($0.07). Union Jack Oil shares last traded at GBX 4.96 ($0.07), with a volume of 527,730 shares.

Union Jack Oil Stock Performance

The firm has a market capitalization of £7.33 million, a P/E ratio of -833.33, a price-to-earnings-growth ratio of 0.21 and a beta of 0.77. The business has a fifty day moving average of GBX 5.06 and a 200-day moving average of GBX 7.45.

Union Jack Oil (LON:UJO) last issued its quarterly earnings data on Monday, September 29th. The company reported GBX (0.46) earnings per share (EPS) for the quarter. Union Jack Oil had a return on equity of 4.87% and a net margin of 28.17%. On average, equities research analysts forecast that Union Jack Oil plc will post 1.7711172 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Craig Howie bought 122,000 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was purchased at an average cost of GBX 5 per share, for a total transaction of £6,100. 4.18% of the stock is owned by company insiders.

Union Jack Oil Company Profile

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.