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Tullow Oil (LON:TLW) Trading Up 12.4% - Here's What Happened

Tullow Oil logo with Energy background

Tullow Oil plc (LON:TLW - Get Free Report) was up 12.4% during mid-day trading on Friday . The company traded as high as GBX 25 ($0.31) and last traded at GBX 24.56 ($0.31). Approximately 66,226,859 shares changed hands during trading, an increase of 83% from the average daily volume of 36,118,074 shares. The stock had previously closed at GBX 21.86 ($0.27).

Tullow Oil Price Performance

The stock has a market capitalization of £345.29 million, a PE ratio of -450.33, a PEG ratio of -0.19 and a beta of 2.08. The company's 50 day simple moving average is GBX 22.11 and its 200 day simple moving average is GBX 25.62. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 457.18.

Insider Buying and Selling

In related news, insider Roald Goethe acquired 100,000 shares of the stock in a transaction dated 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 ($24,844.72). 24.59% of the stock is currently owned by company insiders.

Tullow Oil Company Profile

(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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