Jersey Oil and Gas (LON:JOG) Shares Down 2.8% – Should You Sell?

Jersey Oil and Gas Plc (LON:JOGGet Free Report) shares were down 2.8% during mid-day trading on Wednesday . The stock traded as low as GBX 52.11 ($0.66) and last traded at GBX 53 ($0.68). Approximately 34,601 shares were traded during trading, a decline of 72% from the average daily volume of 122,998 shares. The stock had previously closed at GBX 54.50 ($0.70).

Jersey Oil and Gas Price Performance

The firm has a 50 day moving average of GBX 60.43 and a 200-day moving average of GBX 79.85. The company has a market cap of £17.32 million, a P/E ratio of -331.25 and a beta of 0.96. The company has a current ratio of 69.26, a quick ratio of 18.80 and a debt-to-equity ratio of 0.40.

About Jersey Oil and Gas

(Get Free Report)

Jersey Oil and Gas Plc engages in the acquisition, exploration, appraisal, development, and production of oil and gas properties in the North Sea of the United Kingdom. The company holds a 100% interest in the Buchan and J2 project, which include P2498 Blocks 20/5A, 20/5E, and 21/1A licenses; and a 100% working interest in the Verbier project covering P2170 Blocks 20/5B and 21/1D licenses.

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