Shares of Gear Energy Ltd. (TSE:GXE) shot up 0% on Thursday . The company traded as high as C$0.80 and last traded at C$0.78. 93,492 shares changed hands during trading, a decline of 65% from the average session volume of 265,847 shares. The stock had previously closed at C$0.78.
In related news, insider Jason John Kenneth Kaluski sold 166,000 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of C$0.75, for a total value of C$124,500.00. Also, insider Don Gray purchased 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was acquired at an average cost of C$0.74 per share, with a total value of C$148,000.00. In the last three months, insiders have bought 408,500 shares of company stock valued at $296,800 and have sold 283,172 shares valued at $214,466.
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Gear Energy Company Profile
Gear Energy Ltd. is an exploration and production company with heavy and light oil production in Central Alberta and West Central Saskatchewan. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. The Company’s properties include Paradise Hill, Wildmere Cummings, Wilson Creek and Hoosier.
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