Tlou Energy (LON:TLOU) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Tlou Energy Limited (LON:TLOU) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1.45 ($0.02) and traded as low as GBX 0.66 ($0.01). Tlou Energy shares last traded at GBX 0.70 ($0.01), with a volume of 3,330,948 shares trading hands.

Tlou Energy Stock Down 3.4 %

The company’s fifty day simple moving average is GBX 0.88 and its 200-day simple moving average is GBX 1.45. The firm has a market capitalization of £8.89 million, a PE ratio of -11.00 and a beta of 1.74. The company has a debt-to-equity ratio of 20.32, a current ratio of 1.50 and a quick ratio of 5.21.

Insider Transactions at Tlou Energy

In related news, insider Hugh Swire acquired 3,050,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £30,500 ($38,774.47). 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.