Carnarvon Petroleum Limited (CVN) Insider Buys A$49,886.20 in Stock

Carnarvon Petroleum Limited (ASX:CVN) insider William (Bill) Foster bought 113,636 shares of Carnarvon Petroleum stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average price of A$0.44 ($0.31) per share, for a total transaction of A$49,886.20 ($35,380.29).

Shares of Carnarvon Petroleum stock traded up A$0.02 ($0.01) during trading hours on Friday, reaching A$0.44 ($0.31). The stock had a trading volume of 2,981,366 shares, compared to its average volume of 1,850,000. The company has a market cap of $590.80 million and a price-to-earnings ratio of -440.00. Carnarvon Petroleum Limited has a 1 year low of A$0.13 ($0.09) and a 1 year high of A$0.70 ($0.49).

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About Carnarvon Petroleum

Carnarvon Petroleum Limited explores for, develops, and produces oil and gas in Australia. The company owns interests in the Phoenix project located in the Bedout Sub-basin within the greater Roebuck Basin; Buffalo project located in the Bonaparte Basin; and Labyrinth project located in the Roebuck Basin in the North West Shelf of Western Australia.

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