Shares of Tullow Oil plc (LON:TLW - Get Free Report) shot up 6.6% on Tuesday . The company traded as high as GBX 21.46 ($0.27) and last traded at GBX 21.33 ($0.27). 5,220,506 shares changed hands during trading, an increase of 10% from the average session volume of 4,726,858 shares. The stock had previously closed at GBX 20 ($0.25).
Tullow Oil Stock Performance
The firm has a fifty day simple moving average of GBX 22.26 and a 200-day simple moving average of GBX 25.74. 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 company has a market cap of £311.42 million, a PE ratio of -450.33, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.
Insider Activity at Tullow Oil
In related news, insider Roald Goethe acquired 100,000 shares of the firm's stock in a transaction on Tuesday, December 24th. The stock was bought at an average cost of GBX 20 ($0.25) per share, with a total value of £20,000 ($25,028.16). 24.59% of the stock is owned by insiders.
About Tullow Oil
(
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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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