Jersey Oil and Gas (LON:JOG) Shares Down 14.6% – Time to Sell?

Jersey Oil and Gas Plc (LON:JOG) shares fell 14.6% on Thursday . The company traded as low as GBX 68 and last traded at GBX 70. 379,754 shares changed hands during trading, an increase of 140% from the average session volume of 158,269 shares. The stock had previously closed at GBX 82.

Jersey Oil and Gas Trading Down 16.9%

The company has a market cap of £22.26 million, a P/E ratio of -13.80 and a beta of 0.96. The firm’s 50 day moving average is GBX 127.30 and its two-hundred day moving average is GBX 126.40. The company has a quick ratio of 18.80, a current ratio of 69.26 and a debt-to-equity ratio of 0.40.

Jersey Oil and Gas Company Profile

Jersey Oil & Gas is a UK E&P company focused on building an upstream oil and gas business in the North Sea. The Company holds a significant acreage position within the Central North Sea referred to as the Greater Buchan Area, which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries and an 88% working interest in the P2170 Licence, Blocks 20/5b & 21/1d, that contains the Verbier oil discovery.

JOG’s acreage is estimated by management to contain more than 140 million barrels of oil equivalent (“boe”) of discovered mean recoverable resources net to JOG, in addition to significant exploration upside potential.