Jersey Oil and Gas (LON:JOG) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Jersey Oil and Gas Plc (LON:JOG) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 90.24 and traded as high as GBX 95. Jersey Oil and Gas shares last traded at GBX 87.50, with a volume of 157,015 shares trading hands.

Jersey Oil and Gas Stock Performance

The stock has a market capitalization of £28.58 million, a PE ratio of -17.71 and a beta of 0.96. The firm has a fifty day moving average price of GBX 90.24 and a two-hundred day moving average price of GBX 115.64. The company has a debt-to-equity ratio of 0.40, a current ratio of 69.26 and a quick ratio of 18.80.

Jersey Oil and Gas Company Profile

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.