UK Oil & Gas PLC (LON:UKOG)’s share price shot up 6.7% on Thursday . The company traded as high as GBX 1.61 ($0.02) and last traded at GBX 1.60 ($0.02). 36,176,891 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 70,420,000 shares. The stock had previously closed at GBX 1.50 ($0.02).
About UK Oil & Gas (LON:UKOG)
UK Oil & Gas Plc, an investment holding company, invests in a portfolio of direct and indirect interests in exploration, development, and production oil and gas assets in the United Kingdom. It has interests in a portfolio of nine UK onshore exploration, appraisal, development, and production assets in Weald and Purbeck-Wight basins of Southern England.
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