Tullow Oil (LON:TLW) Shares Up 6.6% – What’s Next?

Tullow Oil plc (LON:TLW) shares were up 6.6% during mid-day trading on Tuesday . The company traded as high as GBX 21.46 ($0.27) and last traded at GBX 21.33 ($0.27). Approximately 5,220,506 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 4,726,858 shares. The stock had previously closed at GBX 20 ($0.25).

Tullow Oil Trading Up 6.6 %

The company’s 50 day moving average price is GBX 22.33 and its two-hundred day moving average price is GBX 25.82. The firm has a market cap of £311.42 million, a PE ratio of -450.33, a P/E/G ratio of -0.19 and a beta of 2.08. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 457.18.

Insider Buying and Selling

In other news, insider Roald Goethe purchased 100,000 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were acquired at an average cost of GBX 20 ($0.25) per share, with a total value of £20,000 ($25,094.10). 24.59% of the stock is owned by 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.