Jersey Oil and Gas (LON:JOG) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Jersey Oil and Gas Plc (LON:JOG) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 107.52 and traded as low as GBX 105. Jersey Oil and Gas shares last traded at GBX 106, with a volume of 293,058 shares changing hands.

Jersey Oil and Gas Stock Performance

The company’s 50-day moving average price is GBX 107.52 and its 200-day moving average price is GBX 115.37. The firm has a market cap of £34.63 million, a price-to-earnings ratio of -21.46 and a beta of 0.96. The company has a quick ratio of 18.80, a current ratio of 79.11 and a debt-to-equity ratio of 0.18.

About Jersey Oil and Gas

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.