Tullow Oil (LON:TLW) Stock Price Up 6.6% - Here's What Happened

Tullow Oil plc (LON:TLW - Get Free Report) shares were up 6.6% during mid-day trading on Tuesday . The stock traded as high as GBX 21.46 ($0.27) and last traded at GBX 21.33 ($0.27). Approximately 5,220,506 shares were traded during trading, an increase of 10% from the average daily volume of 4,726,858 shares. The stock had previously closed at GBX 20 ($0.25).

Tullow Oil Stock Performance

The stock has a market cap of £311.42 million, a PE ratio of -450.33, a P/E/G ratio of -0.19 and a beta of 2.08. The business's fifty day moving average price is GBX 22.26 and its 200-day moving average price is GBX 25.74. The company has a debt-to-equity ratio of 457.18, a quick ratio of 0.63 and a current ratio of 0.70.

Insider Activity

In other Tullow Oil news, insider Roald Goethe purchased 100,000 shares of the firm's stock in a transaction on Tuesday, December 24th. The shares were acquired at an average cost of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($25,028.16). 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.