Tullow Oil plc (LON:TLW – Get Free Report)’s share price rose 9.1% during mid-day trading on Friday . The company traded as high as GBX 25 ($0.31) and last traded at GBX 23.85 ($0.30). Approximately 57,396,633 shares traded hands during trading, an increase of 81% 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 8.2 %
The firm’s 50-day moving average price is GBX 22.11 and its 200 day moving average price is GBX 25.62. The company has a market cap of £345.29 million, a price-to-earnings ratio of -450.33, a P/E/G ratio of -0.19 and a beta of 2.08. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 457.18.
Insiders Place Their Bets
In other Tullow Oil news, insider Roald Goethe purchased 100,000 shares of Tullow Oil stock in a transaction that occurred on Tuesday, December 24th. The stock was acquired at an average price of GBX 20 ($0.25) per share, with a total value of £20,000 ($24,844.72). 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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