TomCo Energy (LON:TOM) Shares Down 11.4% – What’s Next?

TomCo Energy Plc (LON:TOM) was down 11.4% on Wednesday . The stock traded as low as GBX 0.06 and last traded at GBX 0.06. Approximately 10,506,257 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 30,380,154 shares. The stock had previously closed at GBX 0.07.

TomCo Energy Stock Down 14.3%

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 firm has a 50-day moving average of GBX 0.06 and a 200 day moving average of GBX 0.05. The stock has a market capitalization of £2.34 million, a price-to-earnings ratio of -0.39 and a beta of 0.93.

About TomCo Energy

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.