Tullow Oil plc (LON:TLW – Get Free Report) shot up 11.8% on Friday . The company traded as high as GBX 25 ($0.31) and last traded at GBX 24.45 ($0.30). 67,166,836 shares traded hands during trading, an increase of 84% from the average session volume of 36,588,063 shares. The stock had previously closed at GBX 21.86 ($0.27).
Tullow Oil Stock Up 8.2 %
The company has a market capitalization 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 debt-to-equity ratio of 457.18, a current ratio of 0.70 and a quick ratio of 0.63. The firm’s fifty day moving average price is GBX 22.11 and its 200-day moving average price is GBX 25.62.
Insider Buying and Selling
In other Tullow Oil news, insider Roald Goethe acquired 100,000 shares of the company’s 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, for a total transaction of £20,000 ($24,844.72). 24.59% of the stock is currently owned by corporate insiders.
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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