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Tullow Oil (LON:TLW) Trading 6.6% Higher - Here's What Happened

Tullow Oil logo with Energy background

Tullow Oil plc (LON:TLW - Get Free Report) shares rose 6.6% during 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 Price Performance

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

Insider Activity at Tullow Oil

In other news, insider Roald Goethe bought 100,000 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was acquired at an average price of GBX 20 ($0.25) per share, with a total value of £20,000 ($25,028.16). 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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