TransAtlantic Petroleum Ltd (NYSEAMERICAN:TAT) (TSE:TNP) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.67. TransAtlantic Petroleum shares last traded at $0.67, with a volume of 106 shares trading hands.
In other TransAtlantic Petroleum news, CEO Noah Malone Mitchell III bought 50,714 shares of TransAtlantic Petroleum stock in a transaction dated Friday, June 14th. The shares were purchased at an average cost of $0.79 per share, with a total value of $40,064.06. Following the completion of the purchase, the chief executive officer now owns 8,529,678 shares of the company’s stock, valued at $6,738,445.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
A hedge fund recently raised its stake in TransAtlantic Petroleum stock. Morgan Stanley increased its position in TransAtlantic Petroleum Ltd (NYSEAMERICAN:TAT) (TSE:TNP) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 617,100 shares of the oil and natural gas company’s stock after purchasing an additional 25,700 shares during the period. Morgan Stanley owned 1.17% of TransAtlantic Petroleum worth $444,000 at the end of the most recent reporting period.
TransAtlantic Petroleum Ltd., an oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. As of December 31, 2017, it had interests in 5 onshore exploration licenses and 17 onshore production leases covering an area of 438,000 net acres with a total net proved reserves of 14,783 Mbbl of oil and 4,158 Mmcf of natural gas located in Turkey; and a production concession covering an area of approximately 163,000 net undeveloped acres located in Bulgaria.
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