Weekly CFO Buys Highlight: ZAZA
ZaZa Energy Corp (ZAZA): CFO Ian H. Fay Bought 30,000 Shares
CFO of ZaZa Energy Corp (ZAZA) Ian H. Fay bought 30,000 shares on 05/20/2013 at an average price of $1.48. ZaZa Energy Corp is a privately-held independent exploration and production company focused on the exploration and development of unconventional onshore oil and gas resources in the United States of America. Zaza Energy Corp has a market cap of $146.7 million; its shares were traded at around $1.42 with a P/E ratio of 2.50 and P/S ratio of 0.71.
On May. 14, 2013ZaZa Energy Corporation announced operational and financial results for its first quarter endedMarch 31, 2013. For the quarter endedMarch 31, 2013, the Company reported total revenues and other income from continuing operations of$2.8 million as compared to$2.1 million reported for the comparable 2012 period. This increase is primarily due to higher oil and gas revenue related to the Boening well in the Sweet Home Prospect, which began test production onFebruary 3, 2013, and the increase inMoulton production for theCrabb Ranch and the Ring Units. This increase was partially offset by the loss ofCotulla revenues as a result of the Hess division of assets.
President and CEO, 10% Owner Todd Alan Brooks bought 10,000 shares of ZAZA stock on 12/14/2012 at the average price of 2.41. Todd Alan Brooks owns at least 206,850 shares after this. The price of the stock has decreased by 41.08% since.
For the complete list of stocks that bought by their CFOs, go to: Insider Buys.