What Did This CEO Just Do with Personal Shares of Transatlantic Petroleum Ltd (TAT)?


Yesterday, the CEO of Transatlantic Petroleum Ltd (TAT), Noah Malone Mitchell, sold shares of TAT for $5.21M.

This is Mitchell’s first Sell trade following 43 Buy transactions. Over the last month, Noah Malone Mitchell has reported another 5 Sell trades on TAT for a total of $5.41M.

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Based on Transatlantic Petroleum Ltd’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $19.04 million and GAAP net loss of $3.9 million. In comparison, last year the company earned revenue of $16.93 million and had a GAAP net loss of $1.78 million. Currently, Transatlantic Petroleum Ltd has an average volume of 88.33K. The Company has a Price to Book ratio of 9.8170.

In the last 30 days, insiders have sold $5.21M worth of TAT shares and purchased $5.45M worth of TAT shares. The insider sentiment on Transatlantic Petroleum Ltd has been positive according to 28 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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TransAtlantic Petroleum Ltd. engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following two segments: Turkey and Bulgaria. The company was founded on October 1, 1985 and is headquartered in Addison, TX.

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