Tullow Oil plc (LON:TLW – Get Free Report) traded down 9.2% during mid-day trading on Thursday . The stock traded as low as GBX 20.14 ($0.26) and last traded at GBX 20.71 ($0.26). 27,396,260 shares were traded during mid-day trading, an increase of 558% from the average session volume of 4,165,724 shares. The stock had previously closed at GBX 22.80 ($0.29).
Tullow Oil Price Performance
The company has a 50-day moving average price of GBX 23.36 and a two-hundred day moving average price of GBX 28.22. The company has a market cap of £301.64 million, a PE 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.
Insiders Place Their Bets
In related news, insider Roald Goethe acquired 159,396 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average cost of GBX 23 ($0.29) per share, with a total value of £36,661.08 ($46,696.06). 24.59% of the stock is currently owned by company 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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