TomCo Energy (LON:TOM) Trading Up 6% – Here’s Why

TomCo Energy Plc (LON:TOM) shot up 6% during mid-day trading on Monday . The stock traded as high as GBX 0.06 and last traded at GBX 0.05. 2,143,927 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 8,808,950 shares. The stock had previously closed at GBX 0.05.

TomCo Energy Stock Up 6.0%

The company has a debt-to-equity ratio of 8.06, a current ratio of 0.22 and a quick ratio of 0.78. The company has a market cap of £2.07 million, a price-to-earnings ratio of -0.35 and a beta of 0.93. The firm’s 50 day simple moving average is GBX 0.05 and its 200-day simple moving average is GBX 0.04.

TomCo Energy Company Profile

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.