TomCo Energy (LON:TOM) Trading Down 24.5% – Here’s Why

Shares of TomCo Energy Plc (LON:TOM) were down 24.5% during mid-day trading on Tuesday . The stock traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 152,883,359 shares traded hands during mid-day trading, an increase of 783% from the average daily volume of 17,307,820 shares. The stock had previously closed at GBX 0.05 ($0.00).

TomCo Energy Price Performance

The stock has a fifty day simple moving average of GBX 0.07 and a two-hundred day simple moving average of GBX 0.04. The company has a market cap of £1.57 million, a PE ratio of -0.87 and a beta of 0.93. The company has a current ratio of 0.22, a quick ratio of 0.78 and a debt-to-equity ratio of 8.06.

About TomCo Energy

TomCo Energy Plc engages in the exploration and development of oil primarily in the United Kingdom and the United States. It holds exploration and development licenses comprising nine oil shale leases covering approximately 15,488 acres located in Uintah County, Utah. The company is based in Douglas, the Isle of Man.