TomCo Energy (LON:TOM) Shares Down 24.5% – Here’s What Happened

TomCo Energy Plc (LON:TOM) traded down 24.5% during trading on Tuesday . The stock traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). 154,353,016 shares were traded during mid-day trading, an increase of 790% from the average session volume of 17,341,223 shares. The stock had previously closed at GBX 0.05 ($0.00).

TomCo Energy Stock Down 24.5 %

The company has a current ratio of 0.22, a quick ratio of 0.78 and a debt-to-equity ratio of 8.06. The business has a fifty day simple moving average of GBX 0.07 and a two-hundred day simple moving average of GBX 0.04. The company has a market cap of £1.57 million, a PE ratio of -0.87 and a beta of 0.93.

About TomCo Energy

TomCo Energy Plc engages in the exploration and development of oil primarily in the United Kingdom and the United States. It holds exploration and development licenses comprising nine oil shale leases covering approximately 15,488 acres located in Uintah County, Utah. The company is based in Douglas, the Isle of Man.