United Oil & Gas (LON:UOG) Shares Down 7.8% – Should You Sell?

United Oil & Gas Plc (LON:UOG)’s stock price traded down 7.8% on Friday . The stock traded as low as GBX 0.17 and last traded at GBX 0.17. 55,689,398 shares traded hands during trading, a decline of 47% from the average session volume of 104,391,625 shares. The stock had previously closed at GBX 0.18.

United Oil & Gas Trading Down 8.3%

The company has a market capitalization of £6.71 million, a price-to-earnings ratio of -2.06 and a beta of 1.66. The business’s 50-day simple moving average is GBX 0.14 and its 200-day simple moving average is GBX 0.15. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.54 and a current ratio of 0.92.

About United Oil & Gas

United Oil & Gas is a high growth oil and gas company, headquartered in Dublin and listed on the AIM market of the London Stock Exchange. United has a portfolio of low-risk, cash generative exploration, development, appraisal and production interests in Egypt, Jamaica and the UK. Led by an experienced management team with a strong track record of growing full cycle businesses and partnered with established industry players, the Company is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.