Insider Buying: Obtala Ltd (OBT) Insider Purchases £112,334.76 in Stock

Obtala Ltd (LON:OBT) insider Miles C. Pelham acquired 1,872,246 shares of the company’s stock in a transaction on Tuesday, October 30th. The shares were acquired at an average price of GBX 6 ($0.08) per share, for a total transaction of £112,334.76 ($146,785.26).

Shares of LON OBT opened at GBX 6.55 ($0.09) on Friday. Obtala Ltd has a twelve month low of GBX 10 ($0.13) and a twelve month high of GBX 25.70 ($0.34).

OBT has been the subject of a number of research analyst reports. Northland Capital Partners reiterated a “corporate” rating on shares of Obtala in a report on Tuesday, October 2nd. Northland Securities reiterated a “corporate” rating on shares of Obtala in a report on Tuesday, October 2nd. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 37.20 ($0.49).

About Obtala

Obtala Limited, formerly Obtala Resources Limited, is engaged in the development of agricultural, food processing and timber projects, the holding of mineral resource licenses, projects and investment in other natural resources exploration and development companies and retail. The Company operates through four segments: Exploration and development, Agriculture and forestry, Investing activities and Retail.

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