TomCo Energy (LON:TOM) Trading 19.6% Higher – Time to Buy?

TomCo Energy Plc (LON:TOMGet Free Report) was up 19.6% 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). Approximately 37,788,570 shares changed hands during trading, an increase of 170% from the average daily volume of 13,981,167 shares. The stock had previously closed at GBX 0.06 ($0.00).

TomCo Energy Trading Up 17.9 %

The company has a quick ratio of 0.78, a current ratio of 0.22 and a debt-to-equity ratio of 8.06. The company has a market capitalization of £2.59 million, a P/E ratio of -1.43 and a beta of 0.93. The firm’s 50-day moving average price is GBX 0.07 and its 200 day moving average price is GBX 0.04.

About TomCo Energy

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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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