Jersey Oil and Gas (LON:JOG) Trading 5.2% Higher – Still a Buy?

Jersey Oil and Gas Plc (LON:JOG) shares rose 5.2% during mid-day trading on Friday . The company traded as high as GBX 102 and last traded at GBX 102. Approximately 65,737 shares traded hands during trading, a decline of 60% from the average daily volume of 166,317 shares. The stock had previously closed at GBX 97.

Jersey Oil and Gas Stock Performance

The stock has a market cap of £33.32 million, a PE ratio of -20.65 and a beta of 0.96. The company has a quick ratio of 18.80, a current ratio of 69.26 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average price of GBX 108.02 and a 200 day moving average price of GBX 119.52.

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.