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

Shares of Tullow Oil plc (LON:TLW) shot 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 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 stock 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. 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 firm has a 50-day moving average price of GBX 22.33 and a 200-day moving average price of GBX 25.82.

Insiders Place Their Bets

In other Tullow Oil news, insider Roald Goethe bought 100,000 shares of the stock in a transaction dated Tuesday, December 24th. The stock was purchased 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.

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.