Union Jack Oil (LON:UJO) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Union Jack Oil plc (LON:UJO) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 10.96 ($0.15) and traded as low as GBX 9 ($0.12). Union Jack Oil shares last traded at GBX 9.40 ($0.12), with a volume of 233,068 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of Union Jack Oil in a research note on Tuesday, February 25th.

Union Jack Oil Trading Down 3.6 %

The stock has a market capitalization of £10.45 million, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 0.21 and a beta of 0.77. The company’s 50 day moving average is GBX 11.24 and its 200 day moving average is GBX 10.96.

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.