Tlou Energy (LON:TLOU) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Tlou Energy Limited (LON:TLOU)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 0.70 ($0.01) and traded as low as GBX 0.60 ($0.01). Tlou Energy shares last traded at GBX 0.61 ($0.01), with a volume of 1,709,429 shares changing hands.

Tlou Energy Stock Performance

The company has a debt-to-equity ratio of 20.32, a quick ratio of 5.21 and a current ratio of 1.50. The company has a market cap of £7.75 million, a P/E ratio of -11.00 and a beta of 1.74. The stock’s fifty day moving average price is GBX 0.70 and its two-hundred day moving average price is GBX 1.23.

Insiders Place Their Bets

In other Tlou Energy news, insider Hugh Swire bought 3,050,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were purchased at an average price of GBX 1 ($0.01) per share, for a total transaction of £30,500 ($37,109.14). Corporate insiders own 54.33% of the company’s stock.

Tlou Energy Company Profile

Tlou Energy Limited explores for, evaluates, and develops coalbed methane (CBM) resources in Southern Africa. The company owns 100% interests in the Lesedi CBM project, Mamba, and Boomslang projects. It is also involved in development of gas-fired power, solar power, and hydrogen projects. Tlou Energy Limited was incorporated in 2009 and is based in Brisbane, Australia.