Insider Buying: Tenth Avenue Petroleum Corp. (CVE:TPC) Insider Purchases 403,000 Shares of Stock

Tenth Avenue Petroleum Corp. (CVE:TPC) insider Fern Macdonald bought 403,000 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was purchased at an average cost of C$0.05 per share, for a total transaction of C$20,150.00.

Fern Macdonald also recently made the following trade(s):

• On Monday, December 23rd, Fern Macdonald purchased 12,000 shares of Tenth Avenue Petroleum stock. The shares were acquired at an average cost of C$0.07 per share, with a total value of C$840.00.
• On Thursday, December 19th, Fern Macdonald bought 25,000 shares of Tenth Avenue Petroleum stock. The stock was acquired at an average price of C$0.07 per share, for a total transaction of C$1,750.00.
• On Tuesday, December 17th, Fern Macdonald bought 25,000 shares of Tenth Avenue Petroleum stock. The stock was bought at an average cost of C$0.06 per share, with a total value of C$1,500.00.
• On Monday, December 2nd, Fern Macdonald purchased 7,000 shares of Tenth Avenue Petroleum stock. The shares were bought at an average cost of C$0.08 per share, for a total transaction of C$560.00.

Tenth Avenue Petroleum Stock Performance

CVE:TPC remained flat at C$0.06 on Tuesday. 460,000 shares of the company traded hands, compared to its average volume of 30,100. Tenth Avenue Petroleum Corp. has a fifty-two week low of C$0.05 and a fifty-two week high of C$0.16. The company has a quick ratio of 12.65, a current ratio of 0.78 and a debt-to-equity ratio of 0.77. The stock has a market cap of C$2.40 million, a PE ratio of -2.00 and a beta of 0.74. The company’s 50 day moving average price is C$0.08 and its 200 day moving average price is C$0.10.

About Tenth Avenue Petroleum

Tenth Avenue Petroleum Corp. engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. The company was formerly known as Jadela Oil Corp. and changed its name to Tenth Avenue Petroleum Corp. in May 2015. Tenth Avenue Petroleum Corp. was incorporated in 2011 and is headquartered in Calgary, Canada.