Insider Buying: Australis Oil & Gas Ltd (ATS) Insider Buys 250,000 Shares of Stock

Australis Oil & Gas Ltd (ASX:ATS) insider Ian Lusted purchased 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average cost of A$0.24 ($0.17) per share, for a total transaction of A$59,500.00 ($42,198.58).

ATS traded up A$0.01 ($0.01) during trading on Friday, hitting A$0.26 ($0.18). The company had a trading volume of 2,523,894 shares, compared to its average volume of 852,934. The company has a debt-to-equity ratio of 5.01, a current ratio of 1.81 and a quick ratio of 1.72. Australis Oil & Gas Ltd has a 1-year low of A$0.18 ($0.13) and a 1-year high of A$0.41 ($0.29). The stock has a market capitalization of $249.92 million and a PE ratio of 240.00.

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Australis Oil & Gas Company Profile

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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