Tullow Oil plc (LON:TLW – Get Free Report) shares shot up 10.3% during mid-day trading on Friday . The company traded as high as GBX 25 ($0.31) and last traded at GBX 24.12 ($0.30). 67,669,945 shares were traded during mid-day trading, an increase of 84% from the average session volume of 36,839,617 shares. The stock had previously closed at GBX 21.86 ($0.27).
Tullow Oil Price Performance
The stock has a market cap of £352.15 million, a price-to-earnings ratio of -450.33, a PEG ratio of -0.19 and a beta of 2.08. The company’s 50 day moving average is GBX 22.12 and its 200 day moving average is GBX 25.64. The company has a debt-to-equity ratio of 457.18, a current ratio of 0.70 and a quick ratio of 0.63.
Insider Transactions at Tullow Oil
In other Tullow Oil news, insider Roald Goethe acquired 100,000 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were purchased at an average cost of GBX 20 ($0.25) per share, with a total value 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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