Insider Buying: PetroTal (LON:PTAL) Insider Purchases £52,000 in Stock

PetroTal Corp. (LON:PTAL) insider Gavin Hugh Lothian Wilson purchased 200,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was bought at an average price of GBX 26 per share, for a total transaction of £52,000.

Gavin Hugh Lothian Wilson also recently made the following trade(s):

• On Monday, August 17th, Gavin Hugh Lothian Wilson acquired 200,000 shares of PetroTal stock. The shares were bought at an average cost of GBX 26 per share, with a total value of £52,000.

PetroTal Stock Down 1.2%

PTAL opened at GBX 27.18 on Thursday. The company has a market capitalization of £250.13 million, a PE ratio of 6.79 and a beta of 0.16. The firm has a 50-day simple moving average of GBX 26.02 and a two-hundred day simple moving average of GBX 26.83. The company has a quick ratio of 1.83, a current ratio of 3.10 and a debt-to-equity ratio of 13.90. PetroTal Corp. has a 52 week low of GBX 17.15 and a 52 week high of GBX 39.80.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 74 price objective on shares of PetroTal in a report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 74.

About PetroTal

PetroTal is a publicly traded, tri‐quoted (TSX: TAL, AIM: PTAL and OTCQX: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru.

PetroTal’s flagship asset is its 100% working interest in Bretana oil field in Peru’s Block 95 where oil production was initiated in June 2018. In early 2022, PetroTal became the largest crude oil producer in Peru. The Company’s management team has significant experience in developing and exploring for oil in Peru and is led by a Board of Directors that is focused on safely and cost effectively developing the Bretana oil field.