Tullow Oil plc (LON:TLW – Get Free Report)’s share price shot up 12.4% during mid-day trading on Friday . The stock traded as high as GBX 25 ($0.31) and last traded at GBX 24.56 ($0.31). 66,226,859 shares changed hands during trading, an increase of 83% from the average session volume of 36,118,074 shares. The stock had previously closed at GBX 21.86 ($0.27).
Tullow Oil Price Performance
The company’s 50 day simple moving average is GBX 22.11 and its 200-day simple moving average 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. The company 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.
Insiders Place Their Bets
In other Tullow Oil news, insider Roald Goethe acquired 100,000 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were acquired at an average price 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 corporate 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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