Union Jack Oil (LON:UJO) Shares Up 15.5% – What’s Next?

Union Jack Oil plc (LON:UJO)’s share price shot up 15.5% during mid-day trading on Monday . The company traded as high as GBX 4.40 and last traded at GBX 3.81. 3,187,935 shares traded hands during mid-day trading, an increase of 207% from the average session volume of 1,039,524 shares. The stock had previously closed at GBX 3.30.

Union Jack Oil Trading Up 15.5%

The firm has a market cap of £5.58 million, a P/E ratio of -0.67, a price-to-earnings-growth ratio of 0.21 and a beta of 0.50. The business’s fifty day simple moving average is GBX 4.01 and its 200-day simple moving average is GBX 3.39.

Union Jack Oil (LON:UJO) last released its quarterly earnings results on Tuesday, May 26th. The company reported GBX (568) EPS for the quarter. The business had revenue of GBX 249 million for the quarter. Union Jack Oil had a negative net margin of 282.36% and a negative return on equity of 36.79%. Analysts anticipate that Union Jack Oil plc will post 1.7711172 earnings per share for the current year.

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. The company was incorporated in 2011 and is based in Bath, the United Kingdom.