Tullow Oil plc (LON:TLW – Get Free Report)’s share price shot up 10.3% during trading on Friday . The stock traded as high as GBX 25 ($0.31) and last traded at GBX 24.12 ($0.30). 67,669,945 shares traded hands during mid-day trading, an increase of 84% from the average session volume of 36,839,617 shares. The stock had previously closed at GBX 21.86 ($0.27).
Tullow Oil Trading Up 8.2 %
The company has a market cap 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 has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 457.18. The business’s fifty day simple moving average is GBX 22.11 and its two-hundred day simple moving average is GBX 25.62.
Insider Buying and Selling
In other news, insider Roald Goethe purchased 100,000 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were bought at an average price of GBX 20 ($0.25) per share, with a total value of £20,000 ($24,844.72). 24.59% of the stock is owned by company insiders.
Tullow Oil Company Profile
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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