TomCo Energy (LON:TOM) Shares Up 24% – Should You Buy?

Shares of TomCo Energy Plc (LON:TOMGet Free Report) shot up 24% during mid-day trading on Monday . The stock traded as high as GBX 0.06 and last traded at GBX 0.06. 772,903 shares changed hands during trading, a decline of 91% from the average session volume of 8,802,422 shares. The stock had previously closed at GBX 0.05.

TomCo Energy Price Performance

The company’s 50-day moving average price is GBX 0.05 and its 200-day moving average price is GBX 0.04. 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 £2.42 million, a P/E ratio of -0.41 and a beta of 0.93.

TomCo Energy Company Profile

(Get Free Report)

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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