Jersey Oil and Gas (LON:JOG) Sets New 12-Month Low – Here’s What Happened

Jersey Oil and Gas Plc (LON:JOG) shares hit a new 52-week low on Tuesday . The company traded as low as GBX 45.60 ($0.57) and last traded at GBX 47 ($0.59), with a volume of 204749 shares trading hands. The stock had previously closed at GBX 48.50 ($0.61).

Jersey Oil and Gas Trading Down 3.1 %

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 firm has a market capitalization of £15.35 million, a P/E ratio of -293.75 and a beta of 0.96. The firm’s 50-day simple moving average is GBX 58.72 and its 200-day simple moving average is GBX 73.87.

Jersey Oil and Gas Company Profile

Jersey Oil & Gas is a UK E&P company focused on building an upstream oil and gas business in the North Sea. The Company holds a significant acreage position within the Central North Sea referred to as the Greater Buchan Area, which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries and an 88% working interest in the P2170 Licence, Blocks 20/5b & 21/1d, that contains the Verbier oil discovery.

JOG’s acreage is estimated by management to contain more than 140 million barrels of oil equivalent (“boe”) of discovered mean recoverable resources net to JOG, in addition to significant exploration upside potential.