Tullow Oil plc (LON:TLW – Get Free Report) shares traded up 12.8% during trading on Friday . The stock traded as high as GBX 25 ($0.31) and last traded at GBX 24.66 ($0.31). 65,462,668 shares changed hands during trading, an increase of 83% from the average session volume of 35,735,977 shares. The stock had previously closed at GBX 21.86 ($0.27).
Tullow Oil Stock Up 8.2 %
The firm has a market cap of £345.29 million, a P/E ratio of -450.33, a P/E/G ratio of -0.19 and a beta of 2.08. The business’s fifty day moving average price is GBX 22.11 and its two-hundred day moving average price is GBX 25.62. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 457.18.
Insiders Place Their Bets
In other news, insider Roald Goethe acquired 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The stock was acquired at an average cost of GBX 20 ($0.25) per share, with a total value of £20,000 ($24,844.72). 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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