Union Jack Oil (LON:UJO) Stock Price Down 3.4% – Here’s What Happened

Union Jack Oil plc (LON:UJO) traded down 3.4% during mid-day trading on Thursday . The company traded as low as GBX 8.61 ($0.11) and last traded at GBX 8.94 ($0.11). 544,088 shares traded hands during trading, an increase of 112% from the average session volume of 256,768 shares. The stock had previously closed at GBX 9.25 ($0.11).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Union Jack Oil in a report on Monday, September 16th.

Union Jack Oil Stock Performance

The stock has a 50-day moving average price of GBX 10.39 and a two-hundred day moving average price of GBX 14. The stock has a market capitalization of £9.59 million, a PE ratio of 900.00, a PEG ratio of 0.21 and a beta of 0.77.

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.