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

PetroTal Corp. (LON:PTAL) insider Gavin Hugh Lothian Wilson bought 200,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were acquired 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 Friday, August 14th, Gavin Hugh Lothian Wilson purchased 200,000 shares of PetroTal stock. The shares were bought at an average price of GBX 26 per share, for a total transaction of £52,000.

PetroTal Price Performance

Shares of LON PTAL traded down GBX 0.32 during trading on Wednesday, reaching GBX 27.18. The company had a trading volume of 392,709 shares, compared to its average volume of 904,601. PetroTal Corp. has a 52 week low of GBX 17.15 and a 52 week high of GBX 39.80. The company has a debt-to-equity ratio of 13.90, a quick ratio of 1.83 and a current ratio of 3.10. The business’s 50 day moving average price is GBX 26.10 and its 200-day moving average price is GBX 26.78. The stock has a market cap of £250.13 million, a PE ratio of 6.79 and a beta of 0.16.

Analysts Set New Price Targets

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