United Oil & Gas (LON:UOG) Trading Down 3.1% – Here’s Why

United Oil & Gas Plc (LON:UOG) shares were down 3.1% on Wednesday . The stock traded as low as GBX 0.09 ($0.00) and last traded at GBX 0.10 ($0.00). Approximately 9,332,108 shares were traded during trading, a decline of 78% from the average daily volume of 43,181,445 shares. The stock had previously closed at GBX 0.10 ($0.00).

United Oil & Gas Price Performance

The stock has a market capitalization of £997,600.00, a PE ratio of 165.00 and a beta of 1.66. The firm’s fifty day moving average price is GBX 0.10 and its two-hundred day moving average price is GBX 0.15. 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

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.