An Insider at Athabasca Oil (Other OTC: ATHOF) is Selling Shares

Today, an Insider at Athabasca Oil (ATHOFResearch Report), Statoil Asa, sold shares of ATHOF for $18M.

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Currently, Athabasca Oil has an average volume of 379.31K. ATHOF’s market cap is $87.16 million and the company has a P/E ratio of -0.20.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $0.12, reflecting a 27.8% upside.

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Athabasca Oil Corp is a Canadian energy company which is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. Its operations are spread across the regions in northwestern Alberta, Canada. It also engages in recovering bitumen from oil sands in northeastern Alberta. The principal properties of the firm include Kaybob and Placid asset areas located in northwestern Alberta and Hangingstone asset. It generates most of its revenues from the sale of petroleum and natural gas.