Shares of Tullow Oil plc (LON:TLW - Get Free Report) rose 12.8% on Friday . The stock traded as high as GBX 25 ($0.31) and last traded at GBX 24.66 ($0.31). Approximately 65,462,668 shares changed hands during mid-day trading, an increase of 83% from the average daily volume of 35,735,977 shares. The stock had previously closed at GBX 21.86 ($0.27).
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 stock has a market capitalization of £359.74 million, a P/E ratio of -450.33, a P/E/G ratio of -0.19 and a beta of 2.08. The business has a fifty day moving average price of GBX 22.12 and a 200-day moving average price of GBX 25.64.
In related news, insider Roald Goethe bought 100,000 shares of the firm's stock in a transaction on Tuesday, December 24th. The stock was acquired at an average cost of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($24,755.54). 24.59% of the stock is owned by insiders.
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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