TomCo Energy (LON:TOM) Trading Down 24.5% – Here’s Why

TomCo Energy Plc (LON:TOMGet Free Report)’s share price dropped 24.5% during mid-day trading on Tuesday . The stock traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 152,883,359 shares traded hands during trading, an increase of 783% from the average daily volume of 17,307,820 shares. The stock had previously closed at GBX 0.05 ($0.00).

TomCo Energy Price Performance

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 stock has a market capitalization of £1.57 million, a price-to-earnings ratio of -0.87 and a beta of 0.93. The company has a 50-day moving average of GBX 0.07 and a 200-day moving average of GBX 0.04.

TomCo Energy Company Profile

(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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