Union Jack Oil (LON:UJO) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Union Jack Oil plc (LON:UJOGet Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 11.69 ($0.15) and traded as low as GBX 11.50 ($0.15). Union Jack Oil shares last traded at GBX 11.65 ($0.15), with a volume of 17,523 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “house stock” rating on shares of Union Jack Oil in a research note on Tuesday, February 25th.

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Union Jack Oil Stock Performance

The company has a market cap of £12.96 million, a P/E ratio of 12.04, a P/E/G ratio of 0.21 and a beta of 0.77. The firm has a 50 day moving average price of GBX 11.41 and a two-hundred day moving average price of GBX 11.69.

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.

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