Union Jack Oil (LON:UJO) Stock Price Up 11.8% – What’s Next?

Union Jack Oil plc (LON:UJO)’s stock price shot up 11.8% during trading on Tuesday . The stock traded as high as GBX 11.50 ($0.15) and last traded at GBX 10.90 ($0.14). 370,881 shares changed hands during trading, an increase of 41% from the average session volume of 263,481 shares. The stock had previously closed at GBX 9.75 ($0.12).

Wall Street Analyst Weigh In

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

Union Jack Oil Price Performance

The company has a market capitalization of £11.72 million, a P/E ratio of 1,100.00, a PEG ratio of 0.21 and a beta of 0.77. The business has a 50 day simple moving average of GBX 11.97 and a 200-day simple moving average of GBX 15.98.

About Union Jack Oil

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.