Tullow Oil plc (LON:TLW – Get Free Report) was up 9.5% during mid-day trading on Friday . The company traded as high as GBX 25 ($0.31) and last traded at GBX 23.94 ($0.30). Approximately 57,860,301 shares traded hands during mid-day trading, an increase of 83% from the average daily volume of 31,702,961 shares. The stock had previously closed at GBX 21.86 ($0.27).
Tullow Oil Trading Up 11.3 %
The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 457.18. The business has a 50-day simple moving average of GBX 22.12 and a 200-day simple moving average of GBX 25.64. The company has a market cap of £355.07 million, a PE ratio of -450.33, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.
Insider Activity at Tullow Oil
In other Tullow Oil news, insider Roald Goethe acquired 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, for a total transaction of £20,000 ($24,755.54). Company insiders own 24.59% of the company’s stock.
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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