UK Oil & Gas (LON:UKOG) Shares Down 10% – Here’s Why

Shares of UK Oil & Gas PLC (LON:UKOG) were down 10% on Thursday . The company traded as low as GBX 0.01 and last traded at GBX 0.01. 97,341,078 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 209,958,406 shares. The stock had previously closed at GBX 0.01.

UK Oil & Gas Price Performance

The company has a debt-to-equity ratio of -105.45, a current ratio of 0.15 and a quick ratio of 0.79. The stock has a market cap of £2.61 million, a price-to-earnings ratio of -0.21 and a beta of 1.44. The stock has a fifty day moving average of GBX 0.01 and a 200 day moving average of GBX 0.01.

UK Oil & Gas (LON:UKOG) last issued its earnings results on Tuesday, May 5th. The company reported GBX (0.04) EPS for the quarter. UK Oil & Gas had a negative net margin of 869.68% and a positive return on equity of 341.86%. The firm had revenue of GBX 43 million during the quarter.

About UK Oil & Gas

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.