Tlou Energy (LON:TLOU) Trading Down 14.3% – What’s Next?

Shares of Tlou Energy Limited (LON:TLOUGet Free Report) fell 14.3% on Monday . The stock traded as low as GBX 0.60 ($0.01) and last traded at GBX 0.60 ($0.01). 1,234,624 shares traded hands during mid-day trading, an increase of 96% from the average session volume of 628,721 shares. The stock had previously closed at GBX 0.70 ($0.01).

Tlou Energy Stock Down 12.9 %

The stock has a market cap of £7.75 million, a P/E ratio of -11.00 and a beta of 1.74. The company has a current ratio of 1.50, a quick ratio of 5.21 and a debt-to-equity ratio of 20.32. The stock’s 50-day moving average is GBX 0.75 and its 200-day moving average is GBX 1.35.

Insider Buying and Selling

In other Tlou Energy news, insider Hugh Swire bought 3,050,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were acquired at an average cost of GBX 1 ($0.01) per share, for a total transaction of £30,500 ($38,167.94). 54.33% of the stock is owned by corporate insiders.

Tlou Energy Company Profile

(Get Free Report)

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.

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