UK Oil & Gas (LON:UKOG) Trading Up 17.6% – Here’s Why

UK Oil & Gas PLC (LON:UKOGGet Free Report) shares shot up 17.6% on Wednesday . The stock traded as high as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). 547,960,938 shares changed hands during mid-day trading, an increase of 149% from the average session volume of 219,751,109 shares. The stock had previously closed at GBX 0.03 ($0.00).

UK Oil & Gas Stock Down 2.6 %

The company has a quick ratio of 0.79, a current ratio of 0.33 and a debt-to-equity ratio of 11.41. The company has a fifty day simple moving average of GBX 0.04 and a 200-day simple moving average of GBX 0.03. The firm has a market cap of £3.80 million, a P/E ratio of -0.60 and a beta of 1.50.

About UK Oil & Gas

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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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