Tullow Oil (LON:TLW) Reaches New 52-Week Low – Here’s Why

Shares of Tullow Oil plc (LON:TLWGet Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 21 ($0.27) and last traded at GBX 21.40 ($0.28), with a volume of 3548079 shares trading hands. The stock had previously closed at GBX 21.74 ($0.28).

Tullow Oil Price Performance

The firm has a market cap of £300.76 million, a price-to-earnings 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 current ratio of 0.70 and a quick ratio of 0.63. The stock’s fifty day moving average price is GBX 23.65 and its 200-day moving average price is GBX 29.37.

Insider Buying and Selling

In related news, insider Roald Goethe acquired 300,000 shares of Tullow Oil stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of GBX 27 ($0.35) per share, with a total value of £81,000 ($104,233.69). 24.59% of the stock is currently owned by corporate insiders.

Tullow Oil Company Profile

(Get Free Report)

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.

Further Reading

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