Tullow Oil plc (LON:TLW – Get Free Report) shares traded up 12.4% on Friday . The company traded as high as GBX 25 ($0.31) and last traded at GBX 24.56 ($0.31). 66,226,859 shares were traded during mid-day 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 has a market capitalization of £345.29 million, a PE ratio of -450.33, a PEG 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. The company’s 50 day moving average price is GBX 22.11 and its 200-day moving average price is GBX 25.62.
Insiders Place Their Bets
In other Tullow Oil news, insider Roald Goethe bought 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was purchased at an average price of GBX 20 ($0.25) per share, with a total value of £20,000 ($24,844.72). 24.59% of the stock is currently owned by 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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