TomCo Energy (LON:TOM) Trading Up 6% – Time to Buy?

TomCo Energy Plc (LON:TOMGet Free Report) shares were up 6% on Monday . The stock traded as high as GBX 0.06 and last traded at GBX 0.05. Approximately 2,143,927 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 8,808,950 shares. The stock had previously closed at GBX 0.05.

TomCo Energy Trading Up 20.0%

The company has a market capitalization of £2.34 million, a price-to-earnings ratio of -0.39 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’s 50 day simple moving average is GBX 0.05 and its two-hundred day simple moving average 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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