SP Angel reaffirmed their buy rating on shares of Union Jack Oil PLC (LON:UJO) in a report released on Tuesday, Analyst Ratings.Net reports. SP Angel currently has a GBX 0.70 ($0.01) price target on the stock.

Shares of Union Jack Oil PLC (LON:UJO) opened at 0.128 on Tuesday. The stock’s 50 day moving average price is GBX 0.13 and its 200 day moving average price is GBX 0.17. Union Jack Oil PLC has a one year low of GBX 0.10 and a one year high of GBX 0.30. The firm’s market cap is GBX 3.10 million.

Union Jack Oil plc is a United Kingdom-based onshore oil and gas exploration company. The Company focuses on drilling, development and investment in the United Kingdom hydrocarbon sector. The Company’s projects include Wressle, located on PEDL180; Burton on the Wolds, located on PEDL201; Biscathorpe, located on PEDL253, and North Kelsey located on PEDL241. It holds an 8.33% interest in PEDL180 located in Lincolnshire, on the Western margin of the Humber Basin and is on trend with the producing Crosby Warren oil field and the Brigg-1 oil discovery, situated to the immediate northwest and southeast of the license respectively. PEDL253 is located within the hydrocarbon fairway of the Humber Basin, on trend with the Saltfleetby gas field and the Keddington oil field which produces oil. the Company holds a 10% interest in Biscathorpe and North Kelsey. PEDL241 is located within the hydrocarbon fairway of the Humberside Platform.

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