Gear Energy Ltd (GXE) Trading 5% Higher

Gear Energy Ltd (TSE:GXE) traded up 5% during trading on Wednesday . The company traded as high as C$0.85 and last traded at C$0.84. 446,710 shares traded hands during mid-day trading, an increase of 57% from the average session volume of 284,456 shares. The stock had previously closed at C$0.80.

In other news, insider Jason John Kenneth Kaluski sold 166,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were 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 Gear Energy stock in a transaction dated Wednesday, September 6th. The stock was bought at an average cost of C$0.74 per share, with a total value of C$148,000.00. Over the last ninety days, insiders bought 600,000 shares of company stock valued at $438,000 and sold 294,180 shares valued at $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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