United Oil & Gas (LON:UOG) Trading 5% Higher – Time to Buy?

Shares of United Oil & Gas Plc (LON:UOG) were up 5% on Monday . The company traded as high as GBX 0.21 and last traded at GBX 0.21. Approximately 52,394,230 shares traded hands during trading, a decline of 42% from the average daily volume of 89,576,125 shares. The stock had previously closed at GBX 0.20.

United Oil & Gas Stock Performance

The stock has a market capitalization of £9.23 million, a P/E ratio of -2.63 and a beta of 1.66. The company has a quick ratio of 1.54, a current ratio of 0.92 and a debt-to-equity ratio of 0.67. The company has a 50-day moving average price of GBX 0.17 and a two-hundred day moving average price of GBX 0.15.

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.