TomCo Energy (LON:TOM) Trading Down 24.5% – Here’s Why

TomCo Energy Plc (LON:TOM)’s stock price dropped 24.5% during trading on Wednesday . The stock traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 154,353,016 shares were traded during mid-day trading, an increase of 790% from the average daily volume of 17,341,223 shares. The stock had previously closed at GBX 0.05 ($0.00).

TomCo Energy Stock Performance

The firm has a market cap of £1.93 million, a price-to-earnings ratio of -1.06 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. The company has a 50 day moving average of GBX 0.07 and a 200 day moving average of 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.