Tullow Oil plc (LON:TLW – Get Free Report)’s share price traded up 11.8% during mid-day trading on Friday . The stock traded as high as GBX 25 ($0.31) and last traded at GBX 24.45 ($0.30). 67,166,836 shares were traded during mid-day trading, an increase of 84% from the average session volume of 36,588,063 shares. The stock had previously closed at GBX 21.86 ($0.27).
Tullow Oil Stock Performance
The stock’s 50 day moving average price is GBX 22.12 and its 200 day moving average price is GBX 25.64. 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 firm has a market cap of £355.66 million, a PE ratio of -450.33, a P/E/G ratio of -0.19 and a beta of 2.08.
Insiders Place Their Bets
In other news, insider Roald Goethe acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were bought at an average price of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($24,755.54). 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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