What’s Ahead for Jersey Oil and Gas PLC After Today’s Huge Increase?

 What's Ahead for Jersey Oil and Gas PLC After Today's Huge Increase?

The stock of Jersey Oil and Gas PLC (LON:JOG) is a huge mover today! The stock increased 13.11% or GBX 16 on November 16, hitting GBX 138. About 421,344 shares traded hands or 193.82% up from the average. Jersey Oil and Gas PLC (LON:JOG) has risen 577.78% since April 18, 2016 and is uptrending. It has outperformed by 573.09% the S&P500.
The move comes after 8 months positive chart setup for the GBX 11.68 million company. It was reported on Nov, 16 by Barchart.com. We have GBX 263.58 PT which if reached, will make LON:JOG worth GBX 10.63M more.

Jersey Oil and Gas plc, formerly Trap Oil Group plc, is engaged in the exploration, development and production of gas and oil reserves from the United Kingdom Continental Shelf. The company has a market cap of 11.68 million GBP. The Company’s segment is the gas and oil exploration, appraisal, development and production, in a single geographical location, the North Sea of the United Kingdom. It currently has negative earnings. The Company’s assets include P.1293 Block 14/18b , which is located in the North West Witch Ground Graben in the Moray Firth and contains the Athena oil field, and Blocks 20/5b & 21/1d, which lies approximately 100 kilometers northeast of Aberdeen, close to the Buchan and Tweedsmuir North and South oilfields and straddle the western end of the North Buchan Trough.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment