TransAtlantic Petroleum Ltd (NYSEAMERICAN:TAT) (TSE:TNP)’s stock price rose 9% during mid-day trading on Wednesday . The stock traded as high as $0.75 and last traded at $0.73, approximately 157,989 shares traded hands during trading. An increase of 362% from the average daily volume of 34,227 shares. The stock had previously closed at $0.67.
An institutional investor recently raised its position in TransAtlantic Petroleum stock. Morgan Stanley increased its stake in TransAtlantic Petroleum Ltd (NYSEAMERICAN:TAT) (TSE:TNP) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 617,100 shares of the oil and natural gas company’s stock after purchasing an additional 25,700 shares during the period. Morgan Stanley owned approximately 1.17% of TransAtlantic Petroleum worth $444,000 as of its most recent filing with the Securities and Exchange Commission.
TransAtlantic Petroleum Company Profile (NYSEAMERICAN:TAT)
TransAtlantic Petroleum Ltd., an oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. As of December 31, 2017, it had interests in 5 onshore exploration licenses and 17 onshore production leases covering an area of 438,000 net acres with a total net proved reserves of 14,783 Mbbl of oil and 4,158 Mmcf of natural gas located in Turkey; and a production concession covering an area of approximately 163,000 net undeveloped acres located in Bulgaria.
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