Traverse Energy Ltd. (CVE:TVL) insider Der Lee A. David Van bought 170,000 shares of the firm’s stock in a transaction on Wednesday, September 26th. The shares were purchased at an average price of C$0.08 per share, for a total transaction of C$13,600.00.
CVE TVL traded down C$0.01 on Thursday, reaching C$0.08. 7,000 shares of the stock were exchanged, compared to its average volume of 65,066. Traverse Energy Ltd. has a one year low of C$0.07 and a one year high of C$0.45.
Traverse Energy (CVE:TVL) last released its earnings results on Wednesday, August 22nd. The company reported C($0.08) EPS for the quarter. Traverse Energy had a negative return on equity of 6.60% and a negative net margin of 25.38%. The firm had revenue of C$1.78 million for the quarter.
About Traverse Energy
Traverse Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas, oil, and natural gas liquids (NGL) in Canada. The company's principal properties include the Coyote, Michichi, Turin, Duvernay shale, and Watts located in the province of Alberta. As of December 31, 2017, its proved plus probable reserves included 5,626 million cubic feet of natural gas and 1,289.6 thousands of barrels of oil and NGL.
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