TomCo Energy (LON:TOM) Trading Down 15% – Here’s Why

TomCo Energy Plc (LON:TOMGet Free Report)’s share price traded down 15% during trading on Tuesday . The company traded as low as GBX 0.07 ($0.00) and last traded at GBX 0.07 ($0.00). 40,329,891 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 37,844,148 shares. The stock had previously closed at GBX 0.08 ($0.00).

TomCo Energy Stock Up 9.9 %

The firm’s 50-day simple moving average is GBX 0.06 and its 200-day simple moving average is GBX 0.04. The company has a debt-to-equity ratio of 8.06, a quick ratio of 0.78 and a current ratio of 0.22. The company has a market capitalization of £3.04 million, a price-to-earnings ratio of -34.00 and a beta of 0.93.

About TomCo Energy

(Get Free Report)

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.

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