Shares of Gear Energy Ltd (TSE:GXE) traded down 3.8% during trading on Wednesday . The company traded as low as C$0.76 and last traded at C$0.76. 274,000 shares traded hands during trading, an increase of 22% from the average session volume of 225,408 shares. The stock had previously closed at C$0.79.

The company’s 50 day moving average price is $0.74 and its 200 day moving average price is $0.76. The stock’s market cap is $144.67 million.

In related news, insider Don Gray purchased 200,000 shares of Gear Energy stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of C$0.74 per share, for a total transaction of C$148,000.00. Also, Director John O’connell sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of C$0.75, for a total value of C$56,250.00. Over the last quarter, insiders have bought 600,000 shares of company stock worth $438,000 and have sold 294,180 shares worth $221,731.

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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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