TomCo Energy (LON:TOM) Shares Down 24.5% – What’s Next?

TomCo Energy Plc (LON:TOM) shares fell 24.5% during mid-day trading on Tuesday . The company traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). 154,353,016 shares traded hands during 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 Stock Performance

The company has a quick ratio of 0.78, a current ratio of 0.22 and a debt-to-equity ratio of 8.06. The stock has a market cap of £1.57 million, a P/E ratio of -0.87 and a beta of 0.93. The stock has a fifty day simple moving average of GBX 0.07 and a 200-day simple moving average of GBX 0.04.

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.