Tullow Oil plc (LON:TLW – Get Free Report)’s share price was up 9.1% during mid-day trading on Friday . The stock traded as high as GBX 25 ($0.31) and last traded at GBX 23.85 ($0.30). Approximately 57,396,633 shares changed 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 Price Performance
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 business’s fifty day simple moving average is GBX 22.12 and its 200 day simple moving average is GBX 25.64. The stock has a market cap of £355.07 million, a price-to-earnings ratio of -450.33, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.
Insider Buying and Selling
In related news, insider Roald Goethe acquired 100,000 shares of Tullow Oil stock in a transaction on Tuesday, December 24th. The shares were purchased at an average cost of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($24,755.54). 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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