Tullow Oil (LON:TLW) Trading 11.4% Higher – Here’s What Happened

Tullow Oil plc (LON:TLW)’s stock price shot up 11.4% during trading on Friday . The stock traded as high as GBX 25 ($0.31) and last traded at GBX 24.36 ($0.30). 62,154,777 shares changed hands during trading, an increase of 82% from the average session volume of 34,082,031 shares. The stock had previously closed at GBX 21.86 ($0.27).

Tullow Oil Trading Up 8.2 %

The company has a market capitalization of £345.29 million, a PE ratio of -450.33, a price-to-earnings-growth 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’s fifty day moving average price is GBX 22.11 and its two-hundred day moving average price is GBX 25.62.

Insiders Place Their Bets

In related news, insider Roald Goethe bought 100,000 shares of the company’s 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 ($24,844.72). Company insiders own 24.59% of the company’s stock.

Tullow Oil Company Profile

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.