Is Jersey Oil and Gas PLC a Sell? The Stock Declines Again

 Is Jersey Oil and Gas PLC a Sell? The Stock Declines Again

The stock of Jersey Oil and Gas PLC (LON:JOG) is a huge mover today! The stock decreased 8.97% or GBX 10.77 on November 22, hitting GBX 109.23. About 128,181 shares traded hands or 0.40% up from the average. Jersey Oil and Gas PLC (LON:JOG) has risen 566.67% since April 22, 2016 and is uptrending. It has outperformed by 562.11% the S&P500.
The move comes after 6 months negative chart setup for the GBX 9.24M company. It was reported on Nov, 22 by We have GBX 100.49 PT which if reached, will make LON:JOG worth GBX 739,200 less.

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 9.24 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.

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