Shares of Tullow Oil plc (LON:TLW – Get Free Report) fell 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). 27,396,260 shares changed hands during mid-day trading, an increase of 558% from the average session volume of 4,165,724 shares. The stock had previously closed at GBX 22.80 ($0.29).
Tullow Oil Trading Down 10.6 %
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 £297.53 million, a P/E ratio of -450.33, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The firm’s fifty day simple moving average is GBX 23.48 and its 200 day simple moving average is GBX 28.33.
Insider Buying and Selling at Tullow Oil
In related news, insider Roald Goethe purchased 159,396 shares of the firm’s stock in a transaction that occurred on 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.
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