Tullow Oil (LON:TLW) Trading 11.2% Higher – Here’s What Happened

Tullow Oil plc (LON:TLWGet Free Report)’s share price traded up 11.2% during mid-day trading on Friday . The company traded as high as GBX 25 ($0.31) and last traded at GBX 24.31 ($0.30). 63,863,223 shares traded hands during trading, an increase of 83% from the average session volume of 34,936,258 shares. The stock had previously closed at GBX 21.86 ($0.27).

Tullow Oil Stock Performance

The company has a market cap of £345.29 million, a price-to-earnings ratio of -450.33, a P/E/G ratio of -0.19 and a beta of 2.08. The company has a debt-to-equity ratio of 457.18, a current ratio of 0.70 and a quick ratio of 0.63. The firm has a fifty day simple moving average of GBX 22.11 and a 200 day simple moving average of GBX 25.62.

Insider Buying and Selling

In other Tullow Oil news, insider Roald Goethe acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were acquired at an average cost of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($24,844.72). 24.59% of the stock is owned by insiders.

About Tullow Oil

(Get Free Report)

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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