Tengasco Stock Soars (TGC)

NEW YORK (TheStreet) -- Shares of Tengasco (AMEX:TGC) have taken a tremendous swing upward. The stock is trading at 93 cents as of 10:55 a.m. ET, 20.8% above Tuesday's closing price of 77 cents. Volume is at 399,632, six times the daily average of 66,400.

Tengasco has a market cap of $43.4 million and is part of the basic materials sector and energy industry. Shares are up 12.5% year to date as of the close of trading on Tuesday.

Tengasco, Inc. engages in the acquisition, exploration, and development of oil and natural gas in North America. Its primary area of oil exploration and production is in Kansas, and gas production is the Swan Creek field in Tennessee.

TheStreet Ratings rates Tengasco as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Tengasco Ratings Report.

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