PetroTal (LON:PTAL) Insider Gavin Hugh Lothian Wilson Acquires 200,000 Shares of Stock

PetroTal Corp. (LON:PTAL) insider Gavin Hugh Lothian Wilson acquired 200,000 shares of PetroTal stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average price of GBX 26 per share, with a total value of £52,000.

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

• On Friday, August 14th, Gavin Hugh Lothian Wilson purchased 200,000 shares of PetroTal stock. The shares were purchased at an average price of GBX 26 per share, with a total value of £52,000.

PetroTal Stock Performance

Shares of PTAL stock traded down GBX 0.32 during trading hours on Wednesday, reaching GBX 27.18. The stock had a trading volume of 392,709 shares, compared to its average volume of 904,601. The firm 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 26.10 and a 200-day simple moving average of GBX 26.78. PetroTal Corp. has a twelve month low of GBX 17.15 and a twelve month high of GBX 39.80. The company has a debt-to-equity ratio of 13.90, a current ratio of 3.10 and a quick ratio of 1.83.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reissued a “buy” rating and issued a GBX 74 price objective on shares of PetroTal in a report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, PetroTal presently has a consensus rating of “Buy” and an average price target of GBX 74.

PetroTal Company Profile

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.