PetroTal (LON:PTAL) Stock Price Down 1.7% – Here’s What Happened

PetroTal Corp. (LON:PTAL) fell 1.7% during mid-day trading on Wednesday . The stock traded as low as GBX 29 and last traded at GBX 29.50. 4,765,668 shares changed hands during mid-day trading, an increase of 420% from the average daily volume of 916,387 shares. The stock had previously closed at GBX 30.

PetroTal Stock Performance

The firm’s fifty day moving average price is GBX 27.12 and its 200-day moving average price is GBX 27.91. The company has a market cap of £271.50 million, a P/E ratio of 14.75 and a beta of 0.16. The company has a current ratio of 3.10, a quick ratio of 1.83 and a debt-to-equity ratio of 13.90.

Insider Transactions at PetroTal

In other news, insider Gavin Hugh Lothian Wilson purchased 200,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were purchased at an average cost of GBX 26 per share, for a total transaction of £52,000. Insiders bought 599,000 shares of company stock worth $15,972,000 in the last 90 days. Insiders own 0.12% of the company’s stock.

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.