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

Union Jack Oil plc (LON:UJO)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 3.81 and traded as high as GBX 3.95. Union Jack Oil shares last traded at GBX 3.58, with a volume of 81,792 shares.

Union Jack Oil Stock Down 5.8%

The company has a market capitalization of £5.25 million, a price-to-earnings ratio of -0.63, a price-to-earnings-growth ratio of 0.21 and a beta of 0.49. The business has a 50-day moving average price of GBX 3.81 and a two-hundred day moving average price of GBX 3.62.

Union Jack Oil (LON:UJO) last released its quarterly earnings results on Tuesday, May 26th. The company reported GBX (568) earnings per share (EPS) for the quarter. Union Jack Oil had a negative net margin of 282.36% and a negative return on equity of 36.79%. The firm had revenue of GBX 249 million for the quarter. On average, sell-side analysts anticipate that Union Jack Oil plc will post 1.7711172 EPS for the current fiscal year.

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. The company was incorporated in 2011 and is based in Bath, the United Kingdom.