UK Oil & Gas (LON:UKOG) Stock Price Down 9.1% – Here’s Why

UK Oil & Gas PLC (LON:UKOGGet Free Report) shares fell 9.1% during mid-day trading on Wednesday . The stock traded as low as GBX 0.01 and last traded at GBX 0.01. 10,452,950 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 225,775,484 shares. The stock had previously closed at GBX 0.01.

UK Oil & Gas Trading Down 9.1%

The firm has a 50-day moving average price of GBX 0.01 and a 200-day moving average price of GBX 0.02. The company has a debt-to-equity ratio of -105.45, a quick ratio of 0.79 and a current ratio of 0.15. The stock has a market cap of £2.91 million, a PE ratio of -0.11 and a beta of 1.44.

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

About UK Oil & Gas

(Get Free Report)

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.

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