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Tullow Oil (LON:TLW) Trading 11.8% Higher - Here's Why

Tullow Oil logo with Energy background

Tullow Oil plc (LON:TLW - Get Free Report)'s stock price rose 11.8% during mid-day trading on Friday . The company traded as high as GBX 25 ($0.31) and last traded at GBX 24.45 ($0.30). Approximately 67,166,836 shares were traded during mid-day trading, an increase of 84% from the average daily volume of 36,588,063 shares. The stock had previously closed at GBX 21.86 ($0.27).

Tullow Oil Price Performance

The company has a market capitalization of £345.29 million, a price-to-earnings ratio of -450.33, a PEG ratio of -0.19 and a beta of 2.08. 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's 50 day simple moving average is GBX 22.11 and its 200-day simple moving average is GBX 25.62.

Insider Activity at Tullow Oil

In other Tullow Oil news, insider Roald Goethe purchased 100,000 shares of the business's stock in a transaction on Tuesday, December 24th. The stock was bought at an average cost of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($24,844.72). Insiders own 24.59% of the company's stock.

About Tullow Oil

(Get Free Report)

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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