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

Tullow Oil plc (LON:TLW) shares traded up 6.6% during trading on Tuesday . The stock traded as high as GBX 21.46 ($0.27) and last traded at GBX 21.33 ($0.27). 5,220,506 shares changed hands during mid-day 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 business’s 50 day moving average is GBX 22.18 and its two-hundred day moving average is GBX 25.66. 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 market capitalization of £317.86 million, a PE ratio of -450.33, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.

Insider Activity

In other news, insider Roald Goethe purchased 100,000 shares of the stock in a transaction dated Tuesday, December 24th. The shares were purchased at an average cost of GBX 20 ($0.25) per share, with a total value of £20,000 ($25,025.03). 24.59% of the stock is owned by company 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.