United Oil & Gas (LON:UOG) Trading 18.1% Higher – Here’s Why

United Oil & Gas Plc (LON:UOGGet Free Report)’s stock price rose 18.1% on Wednesday . The stock traded as high as GBX 0.09 ($0.00) and last traded at GBX 0.09 ($0.00). Approximately 42,368,590 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 40,465,164 shares. The stock had previously closed at GBX 0.07 ($0.00).

United Oil & Gas Price Performance

The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.54 and a current ratio of 0.92. The stock has a market capitalization of £1.04 million, a price-to-earnings ratio of 165.00 and a beta of 1.66. The business’s 50 day simple moving average is GBX 0.09 and its 200-day simple moving average is GBX 0.13.

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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