Insider Selling: TransAtlantic Petroleum Ltd (TAT) Major Shareholder Sells 67,900 Shares of Stock

TransAtlantic Petroleum Ltd (NYSEAMERICAN:TAT) (TSE:TNP) major shareholder Nokomis Capital, L.L.C. sold 67,900 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $1.62, for a total value of $109,998.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

TransAtlantic Petroleum Ltd (TAT) traded down $0.06 during mid-day trading on Thursday, hitting $1.69. The stock had a trading volume of 130,069 shares, compared to its average volume of 208,877. TransAtlantic Petroleum Ltd has a 52 week low of $0.58 and a 52 week high of $2.18. The company has a market cap of $84.87, a price-to-earnings ratio of -3.24 and a beta of 1.67.

A hedge fund recently raised its stake in TransAtlantic Petroleum stock. West Family Investments Inc. grew its stake in TransAtlantic Petroleum Ltd (NYSEAMERICAN:TAT) (TSE:TNP) by 24.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,465,392 shares of the oil and natural gas company’s stock after purchasing an additional 286,366 shares during the period. West Family Investments Inc. owned approximately 2.91% of TransAtlantic Petroleum worth $1,932,000 as of its most recent filing with the Securities and Exchange Commission.

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About TransAtlantic Petroleum

TransAtlantic Petroleum Ltd. is a holding company. The Company is an international oil and natural gas company engaged in acquisition, exploration, development and production. Its segments include Turkey and Bulgaria. The Company holds interests in approximately 880,000 and 567,000 net acres of developed and undeveloped oil and natural gas properties in Turkey and Bulgaria, respectively.

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