UK Oil & Gas (LON:UKOG) Trading Down 10% – Time to Sell?

UK Oil & Gas PLC (LON:UKOG)’s stock price traded down 10% during trading on Thursday . The stock traded as low as GBX 0.01 and last traded at GBX 0.01. 97,341,078 shares changed hands during trading, a decline of 54% from the average daily volume of 209,958,406 shares. The stock had previously closed at GBX 0.01.

UK Oil & Gas Price Performance

The stock’s 50 day simple moving average is GBX 0.01 and its two-hundred day simple moving average is GBX 0.01. The firm has a market cap of £2.62 million, a P/E ratio of -0.21 and a beta of 1.42. The company has a debt-to-equity ratio of -105.45, a current ratio of 0.15 and a quick ratio of 0.79.

UK Oil & Gas (LON:UKOG) last released its quarterly earnings data on Tuesday, May 5th. The company reported GBX (0.04) earnings per share (EPS) for the quarter. The business had revenue of GBX 43 million for the quarter. UK Oil & Gas had a negative net margin of 869.68% and a positive return on equity of 341.86%.

UK Oil & Gas Company Profile

UK Oil & Gas PLC operates as an oil and gas exploration and production company. It holds interest in the Loxley, Horse Hill, Horndean, Avington, Broadford Bridge, and Portland gas storage fields in the United Kingdom; and Basur-Resan field in Turkey. The company was incorporated in 2004 and is based in London, the United Kingdom.