Tullow Oil plc (LON:TLW – Get Free Report)’s stock price shot up 11.2% on Friday . The company traded as high as GBX 25 ($0.31) and last traded at GBX 24.31 ($0.30). 63,863,223 shares were traded during trading, an increase of 83% from the average session volume of 34,936,258 shares. The stock had previously closed at GBX 21.86 ($0.27).
Tullow Oil Trading Up 10.6 %
The business has a fifty day moving average of GBX 22.12 and a 200-day moving average of GBX 25.64. The company has a debt-to-equity ratio of 457.18, a quick ratio of 0.63 and a current ratio of 0.70. The company has a market capitalization of £353.06 million, a P/E ratio of -450.33, a PEG ratio of -0.19 and a beta of 2.08.
Insiders Place Their Bets
In related news, insider Roald Goethe acquired 100,000 shares of the stock in a transaction dated Tuesday, December 24th. The stock was purchased at an average cost of GBX 20 ($0.25) per share, with a total value of £20,000 ($24,755.54). Corporate 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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