United Oil & Gas (LON:UOG) Shares Up 7.1% – Here’s Why

United Oil & Gas Plc (LON:UOGGet Free Report) shot up 7.1% during mid-day trading on Tuesday . The stock traded as high as GBX 0.23 and last traded at GBX 0.23. 42,083,188 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 49,153,973 shares. The stock had previously closed at GBX 0.21.

United Oil & Gas Stock Up 7.1%

The stock has a 50-day moving average of GBX 0.20 and a 200-day moving average of GBX 0.20. The company has a market cap of £10.43 million, a PE ratio of -4.50 and a beta of 1.66. The company has a quick ratio of 1.54, a current ratio of 0.92 and a debt-to-equity ratio of 0.67.

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

Receive News & Ratings for United Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.