United Oil & Gas (LON:UOG) Trading Down 10.3% – Here’s What Happened

United Oil & Gas Plc (LON:UOG) was down 10.3% on Wednesday . The stock traded as low as GBX 0.10 ($0.00) and last traded at GBX 0.10 ($0.00). Approximately 100,521,070 shares changed hands during trading, an increase of 115% from the average daily volume of 46,811,352 shares. The stock had previously closed at GBX 0.12 ($0.00).

United Oil & Gas Trading Down 10.3 %

The stock has a market capitalization of £1.21 million, a PE ratio of 165.00 and a beta of 1.66. The company has a current ratio of 0.92, a quick ratio of 1.54 and a debt-to-equity ratio of 0.67. The stock has a 50 day moving average price of GBX 0.12 and a 200-day moving average price of GBX 0.16.

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.