Tullow Oil plc (LON:TLW – Get Free Report)’s share price shot up 11.8% during trading on Friday . The stock traded as high as GBX 25 ($0.31) and last traded at GBX 24.45 ($0.30). 67,166,836 shares traded hands during trading, an increase of 84% from the average session volume of 36,588,063 shares. The stock had previously closed at GBX 21.86 ($0.27).
Tullow Oil Trading Up 8.2 %
The company has a 50 day moving average of GBX 22.11 and a 200 day moving average of GBX 25.62. The firm has a market cap of £345.29 million, a price-to-earnings ratio of -450.33, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 457.18.
Insider Activity
In other Tullow Oil news, insider Roald Goethe purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was purchased at an average cost 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 corporate insiders.
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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