Tullow Oil (LON:TLW) Shares Up 6.6% – Here’s What Happened

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

Tullow Oil Stock Performance

The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 457.18. The company has a market cap of £311.42 million, a price-to-earnings ratio of -450.33, a PEG ratio of -0.19 and a beta of 2.08. The stock has a 50 day simple moving average of GBX 22.33 and a 200 day simple moving average of GBX 25.82.

Insider Activity

In other Tullow Oil news, insider Roald Goethe acquired 100,000 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was purchased at an average price of GBX 20 ($0.25) per share, with a total value of £20,000 ($25,094.10). Company insiders own 24.59% of the company’s stock.

Tullow Oil Company Profile

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.