TomCo Energy (LON:TOM) Trading Down 11.8% – Here’s What Happened

TomCo Energy Plc (LON:TOMGet Free Report) dropped 11.8% on Tuesday . The company traded as low as GBX 0.06 and last traded at GBX 0.06. Approximately 57,910,824 shares were traded during mid-day trading, an increase of 69% from the average daily volume of 34,203,820 shares. The stock had previously closed at GBX 0.07.

TomCo Energy Stock Up 3.2%

The company has a market capitalization of £2.54 million, a PE ratio of -0.42 and a beta of 0.93. The company has a current ratio of 0.22, a quick ratio of 0.78 and a debt-to-equity ratio of 8.06. The business has a fifty day moving average of GBX 0.06 and a 200 day moving average of GBX 0.05.

About TomCo Energy

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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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