United Oil & Gas (LON:UOG) Stock Price Up 13.5% – Time to Buy?

United Oil & Gas Plc (LON:UOGGet Free Report) traded up 13.5% during mid-day trading on Tuesday . The stock traded as high as GBX 0.23 and last traded at GBX 0.21. 74,640,867 shares were traded during mid-day trading, an increase of 28% from the average session volume of 58,124,523 shares. The stock had previously closed at GBX 0.18.

United Oil & Gas Stock Performance

The business has a 50-day moving average price of GBX 0.21 and a 200-day moving average price of GBX 0.18. The company has a quick ratio of 1.54, a current ratio of 0.92 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of £9.23 million, a price-to-earnings ratio of -2.62 and a beta of 1.66.

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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