Tullow Oil plc (LON:TLW – Get Free Report)’s share price rose 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). Approximately 67,166,836 shares were traded 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 Performance
The company has a market capitalization of £355.66 million, a P/E ratio of -450.33, a PEG ratio of -0.19 and a beta of 2.08. 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 stock has a fifty day simple moving average of GBX 22.12 and a 200-day simple moving average of GBX 25.64.
Insider Buying and Selling at Tullow Oil
In other news, insider Roald Goethe purchased 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were acquired at an average price of GBX 20 ($0.25) per share, for a total transaction 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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