Cardinal Energy Ltd. (TSE:CJ) Director John Albert Brussa acquired 25,000 shares of the business’s stock in a transaction that occurred on Monday, July 19th. The shares were acquired at an average cost of C$2.95 per share, with a total value of C$73,750.00. Following the transaction, the director now directly owns 2,640,692 shares in the company, valued at approximately C$7,790,041.40.
John Albert Brussa also recently made the following trade(s):
- On Thursday, July 15th, John Albert Brussa purchased 10,000 shares of Cardinal Energy stock. The shares were purchased at an average price of C$2.90 per share, for a total transaction of C$29,000.00.
CJ stock opened at C$3.04 on Thursday. Cardinal Energy Ltd. has a 1-year low of C$0.38 and a 1-year high of C$3.87. The company has a market cap of C$458.09 million and a price-to-earnings ratio of 5.79. The firm has a 50 day moving average of C$3.24. The company has a debt-to-equity ratio of 53.86, a quick ratio of 0.56 and a current ratio of 0.56.
Several equities analysts recently issued reports on the company. Royal Bank of Canada boosted their price target on Cardinal Energy from C$3.25 to C$4.00 and gave the company a “sector perform” rating in a research note on Thursday, June 3rd. Raymond James boosted their price target on Cardinal Energy from C$3.00 to C$4.50 and gave the company a “market perform” rating in a research note on Wednesday, June 30th. Finally, BMO Capital Markets boosted their price target on Cardinal Energy from C$4.00 to C$5.00 and gave the company an “outperform” rating in a research note on Friday, July 16th.
About Cardinal Energy
Cardinal Energy Ltd. engages in the acquisition, exploration, and production of low decline light, medium, and heavy quality oil, and natural gas in Western Canada. It has operations in the provinces of Alberta and Saskatchewan. As of December 31, 2020, company had total proved plus probable oil and gas reserves are 99,258 thousand barrels of oil equivalent.
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