TomCo Energy (LON:TOM) Trading Up 17.9% – Should You Buy?

TomCo Energy Plc (LON:TOM) shares shot up 17.9% during mid-day trading on Monday . The company traded as high as GBX 0.07 ($0.00) and last traded at GBX 0.07 ($0.00). 47,962,828 shares were traded during mid-day trading, an increase of 237% from the average session volume of 14,248,911 shares. The stock had previously closed at GBX 0.06 ($0.00).

TomCo Energy Price Performance

The stock has a 50-day simple moving average of GBX 0.07 and a 200 day simple moving average of GBX 0.04. The stock has a market capitalization of £2.59 million, a price-to-earnings ratio of -1.43 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.

About TomCo Energy

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.