Graham Dowland Acquires 200,000 Shares of Australis Oil & Gas Ltd (ATS) Stock

Australis Oil & Gas Ltd (ASX:ATS) insider Graham Dowland purchased 200,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were acquired at an average cost of A$0.24 ($0.17) per share, for a total transaction of A$48,000.00 ($34,042.55).

ASX:ATS traded up A$0.01 ($0.01) during trading hours on Friday, hitting A$0.26 ($0.18). 2,523,894 shares of the company’s stock traded hands, compared to its average volume of 852,934. The company has a current ratio of 1.81, a quick ratio of 1.72 and a debt-to-equity ratio of 5.01. Australis Oil & Gas Ltd has a twelve month low of A$0.18 ($0.13) and a twelve month high of A$0.41 ($0.29). The firm has a market capitalization of $249.92 million and a price-to-earnings ratio of 240.00.

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About Australis Oil & Gas

Australis Oil & Gas Limited engages in the oil and gas exploration, development, and production activities. The company operates through Oil & Gas Production, Exploration, and Other segments. The company holds 100% interest in the Tuscaloosa Marine Shale covering an area of 95,000 gross acres located in Louisiana and Mississippi.

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