TomCo Energy (LON:TOM) Shares Down 6.3% – Here’s Why

Shares of TomCo Energy Plc (LON:TOM) traded down 6.3% on Thursday . The stock traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.05 ($0.00). 20,943,324 shares were traded during mid-day trading, an increase of 97% from the average session volume of 10,636,947 shares. The stock had previously closed at GBX 0.05 ($0.00).

TomCo Energy Stock Performance

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 firm has a market capitalization of £1.65 million, a PE ratio of -0.91 and a beta of 0.93. The business’s 50-day moving average price is GBX 0.05 and its 200-day moving average price is GBX 0.05.

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.