TomCo Energy Plc (LON:TOM)’s share price traded up 8.4% during mid-day trading on Monday . The company traded as high as GBX 2.44 ($0.03) and last traded at GBX 2.44 ($0.03). 420,868 shares changed hands during trading, an increase of 782% from the average session volume of 47,733 shares. The stock had previously closed at GBX 2.25 ($0.03).
In other news, insider Malcolm Groat bought 11,887 shares of the stock in a transaction on Monday, October 8th. The stock was purchased at an average price of GBX 8 ($0.10) per share, for a total transaction of £950.96 ($1,242.60).
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TomCo Energy Plc operates as an oil shale exploration and development company primarily in the United Kingdom and the United States. It holds 100% interests in two oil shale leases comprising five blocks covering approximately 2,919 acres located in Uintah County, Utah. The company was incorporated in 2000 and is based in Douglas, the Isle of Man.
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