Tullow Oil plc (LON:TLW – Get Free Report) rose 11.8% on Friday . The company traded as high as GBX 25 ($0.31) and last traded at GBX 24.45 ($0.30). Approximately 67,166,836 shares changed hands during trading, an increase of 84% from the average daily volume of 36,588,063 shares. The stock had previously closed at GBX 21.86 ($0.27).
Tullow Oil Stock Up 8.2 %
The stock has a market capitalization of £345.29 million, a price-to-earnings ratio of -450.33, a P/E/G ratio of -0.19 and a beta of 2.08. The business has a 50-day moving average of GBX 22.11 and a 200-day moving average of GBX 25.62. The company has a debt-to-equity ratio of 457.18, a quick ratio of 0.63 and a current ratio of 0.70.
Insiders Place Their Bets
In other news, insider Roald Goethe purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were bought at an average cost of GBX 20 ($0.25) per share, for a total transaction 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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