Union Jack Oil (LON:UJO) Shares Pass Above 50-Day Moving Average – Time to Sell?

Shares of Union Jack Oil plc (LON:UJOGet Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 3.55 and traded as high as GBX 4. Union Jack Oil shares last traded at GBX 4, with a volume of 627,149 shares.

Union Jack Oil Trading Up 3.9%

The stock has a market capitalization of £5.86 million, a PE ratio of -6.67, a P/E/G ratio of 0.21 and a beta of 0.40. The stock has a 50 day moving average price of GBX 3.55 and a 200-day moving average price of GBX 3.36.

Union Jack Oil Company Profile

(Get Free Report)

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.

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