United Oil & Gas (LON:UOG) Trading 12.3% Higher – Here’s Why

United Oil & Gas Plc (LON:UOGGet Free Report) shares were up 12.3% during trading on Monday . The stock traded as high as GBX 0.23 and last traded at GBX 0.23. Approximately 1,439,354 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 65,328,969 shares. The stock had previously closed at GBX 0.20.

United Oil & Gas Stock Performance

The stock has a fifty day simple moving average of GBX 0.21 and a 200-day simple moving average of GBX 0.17. The stock has a market cap of £9.67 million, a P/E ratio of -2.75 and a beta of 1.66. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.54 and a current ratio of 0.92.

About United Oil & Gas

(Get Free Report)

United Oil & Gas is a high growth oil and gas company, headquartered in Dublin and listed on the AIM market of the London Stock Exchange. United has a portfolio of low-risk, cash generative exploration, development, appraisal and production interests in Egypt, Jamaica and the UK. Led by an experienced management team with a strong track record of growing full cycle businesses and partnered with established industry players, the Company is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.

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