UK Oil & Gas ( LON:UKOG ) trading 16.7% higher – should you be buying?

UK Oil & Gas PLC (LON:UKOG – Get Free Report ) share price traded up 16.7% during trading on Friday. The company traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). 978,302,250 shares traded hands during trading, an increase of 328% from the average session volume of 228,701,219 shares. The stock had previously closed at GBX 0.04 ($0.00).

UK oil and gas stocks rise 19.4%

The company’s 50-day simple moving average is GBX 0.05, and its two-hundred-day simple moving average is GBX 0.04. The stock has a market cap of £4.42 million, a price-to-earnings ratio of -0.60 and a beta of 1.50. The company has a debt-to-equity ratio of 11.41, a quick ratio of 0.79, and a current ratio of 0.33.

UK Oil and Gas Company Profile

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UK Oil & Gas PLC operates as an oil and gas exploration and production company. It owns interests in the Loxley, Horse Hill, Horndean, Avington, Broadford Bridge and Portland gas storage fields in the United Kingdom; and the Basur-Resan field in Turkey. The company was founded in 2004 and is headquartered in London, United Kingdom.

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