Jersey Oil and Gas (LON:JOG) Trading Down 2.8% – Time to Sell?

Jersey Oil and Gas Plc (LON:JOG) was down 2.8% on Wednesday . The company traded as low as GBX 52.11 ($0.66) and last traded at GBX 53 ($0.67). Approximately 34,601 shares changed hands during trading, a decline of 72% from the average daily volume of 122,998 shares. The stock had previously closed at GBX 54.50 ($0.69).

Jersey Oil and Gas Stock Down 2.9 %

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 stock has a 50-day simple moving average of GBX 60.30 and a two-hundred day simple moving average of GBX 79.09. The firm has a market cap of £16.66 million, a PE ratio of -318.76 and a beta of 0.96.

Jersey Oil and Gas Company Profile

Jersey Oil and Gas Plc engages in the acquisition, exploration, appraisal, development, and production of oil and gas properties in the North Sea of the United Kingdom. The company holds a 100% interest in the Buchan and J2 project, which include P2498 Blocks 20/5A, 20/5E, and 21/1A licenses; and a 100% working interest in the Verbier project covering P2170 Blocks 20/5B and 21/1D licenses.