TomCo Energy (LON:TOM) Shares Down 8.7% – Here’s Why

TomCo Energy Plc (LON:TOMGet Free Report) fell 8.7% during mid-day trading on Monday . The stock traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). 1,630,800 shares traded hands during trading, a decline of 85% from the average session volume of 10,627,442 shares. The stock had previously closed at GBX 0.05 ($0.00).

TomCo Energy Trading Down 8.7%

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 company’s fifty day moving average is GBX 0.05 and its 200-day moving average is GBX 0.05. The firm has a market capitalization of £1.65 million, a P/E ratio of -0.91 and a beta of 0.93.

About TomCo Energy

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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.

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