TomCo Energy (LON:TOM) Trading Down 24.5% – Time to Sell?

TomCo Energy Plc (LON:TOM)’s stock price traded down 24.5% during mid-day trading on Wednesday . The stock traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). 154,353,016 shares were traded during mid-day trading, an increase of 790% from the average session volume of 17,341,223 shares. The stock had previously closed at GBX 0.05 ($0.00).

TomCo Energy Price Performance

The firm has a market capitalization of £1.85 million, a P/E ratio of -1.02 and a beta of 0.93. The firm has a 50 day moving average price of GBX 0.07 and a 200-day moving average price of GBX 0.04. The company has a current ratio of 0.22, a quick ratio of 0.78 and a debt-to-equity ratio of 8.06.

TomCo Energy Company Profile

TomCo Energy Plc engages in the exploration and development of oil primarily in the United Kingdom and the United States. It holds exploration and development licenses comprising nine oil shale leases covering approximately 15,488 acres located in Uintah County, Utah. The company is based in Douglas, the Isle of Man.