Tullow Oil plc (LON:TLW – Get Free Report) shares rose 9.1% on Friday . The company traded as high as GBX 25 ($0.31) and last traded at GBX 23.85 ($0.30). Approximately 57,396,633 shares were traded during trading, an increase of 81% from the average daily volume of 31,702,961 shares. The stock had previously closed at GBX 21.86 ($0.27).
Tullow Oil Stock Performance
The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 457.18. The stock has a market capitalization of £345.29 million, a price-to-earnings ratio of -450.33, a PEG ratio of -0.19 and a beta of 2.08. The company’s 50-day simple moving average is GBX 22.11 and its 200-day simple moving average is GBX 25.62.
Insiders Place Their Bets
In other news, insider Roald Goethe bought 100,000 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was acquired at an average price of GBX 20 ($0.25) per share, with a total value of £20,000 ($24,844.72). Company insiders own 24.59% of the company’s stock.
About Tullow Oil
Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa, Europe, and South America. The company was founded in 1985 and is headquartered in London, the United Kingdom.
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