TomCo Energy (LON:TOM) Trading Down 7.7% – What’s Next?

TomCo Energy Plc (LON:TOM)’s share price dropped 7.7% on Wednesday . The stock traded as low as GBX 0.06 and last traded at GBX 0.06. Approximately 15,326,374 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 20,036,912 shares. The stock had previously closed at GBX 0.07.

TomCo Energy Trading Up 1.8%

The stock has a fifty day simple moving average of GBX 0.06 and a 200 day simple moving average of GBX 0.05. The firm has a market capitalization of £2.20 million, a P/E ratio of -0.37 and a beta of 0.93. The company has a quick ratio of 0.78, a current ratio of 0.22 and a debt-to-equity ratio of 8.06.

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.