United Oil & Gas (LON:UOG) Shares Up 11.1% – Here’s What Happened

United Oil & Gas Plc (LON:UOGGet Free Report)’s stock price shot up 11.1% during trading on Thursday . The stock traded as high as GBX 0.10 ($0.00) and last traded at GBX 0.10 ($0.00). 12,864,141 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 48,511,703 shares. The stock had previously closed at GBX 0.09 ($0.00).

United Oil & Gas Price Performance

The business’s 50-day simple moving average is GBX 0.09 and its two-hundred day simple moving average is GBX 0.13. The stock has a market cap of £1.16 million, a price-to-earnings ratio of 165.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.92 and a quick ratio of 1.54.

United Oil & Gas Company Profile

(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.

Further Reading

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