Shares of Tullow Oil plc (LON:TLW – Get Free Report) 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 changed 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 Trading Up 8.2 %
The company has a debt-to-equity ratio of 457.18, a quick ratio of 0.63 and a current ratio of 0.70. The stock 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. The company’s 50 day moving average is GBX 22.11 and its 200 day moving average is GBX 25.62.
Insider Activity
In other news, insider Roald Goethe bought 100,000 shares of Tullow Oil 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 company 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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