Jersey Oil and Gas (LON:JOG) Shares Pass Above 50-Day Moving Average – Time to Sell?

Shares of Jersey Oil and Gas Plc (LON:JOG) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 59.77 ($0.74) and traded as high as GBX 68.60 ($0.85). Jersey Oil and Gas shares last traded at GBX 68.60 ($0.85), with a volume of 190,743 shares traded.

Jersey Oil and Gas Price Performance

The company has a current ratio of 69.26, a quick ratio of 18.80 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of £22.41 million, a P/E ratio of -428.75 and a beta of 0.96. The company has a fifty day simple moving average of GBX 59.77 and a two-hundred day simple moving average of GBX 65.44.

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.