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

Tullow Oil plc (LON:TLW)’s stock price shot up 6.6% during mid-day trading 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 traded hands 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 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 business has a 50-day simple moving average of GBX 22.33 and a 200 day simple moving average of GBX 25.82. The firm has a market cap of £311.42 million, a P/E ratio of -450.33, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.

Insider Activity at Tullow Oil

In other Tullow Oil news, insider Roald Goethe purchased 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The stock was bought at an average cost of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($25,094.10). 24.59% of the stock is owned by corporate insiders.

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.