Tullow Oil (LON:TLW) Trading Down 9.2% - Here's What Happened

Tullow Oil plc (LON:TLW - Get Free Report)'s share price was down 9.2% during trading on Thursday . The stock traded as low as GBX 20.14 ($0.26) and last traded at GBX 20.71 ($0.26). Approximately 27,396,260 shares were traded during trading, an increase of 558% from the average daily volume of 4,165,724 shares. The stock had previously closed at GBX 22.80 ($0.29).

Tullow Oil Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 457.18. The company has a market cap of £306.60 million, a price-to-earnings ratio of -450.33, a P/E/G ratio of -0.19 and a beta of 2.08. The stock has a 50 day moving average price of GBX 23.48 and a two-hundred day moving average price of GBX 28.33.

Insider Buying and Selling at Tullow Oil

In other news, insider Roald Goethe purchased 159,396 shares of Tullow Oil stock in a transaction dated Wednesday, September 11th. The shares were bought at an average cost of GBX 23 ($0.29) per share, with a total value of £36,661.08 ($46,477.03). 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.