Gear Energy Ltd. (TSE:GXE)’s share price dropped 1.3% during mid-day trading on Tuesday . The company traded as low as C$0.79 and last traded at C$0.80. Approximately 83,641 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 271,650 shares. The stock had previously closed at C$0.79.

In other Gear Energy news, insider Jason John Kenneth Kaluski sold 166,000 shares of the firm’s stock in a transaction dated 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 bought 350,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was acquired at an average cost of C$0.82 per share, for a total transaction of C$287,000.00. In the last three months, insiders acquired 438,606 shares of company stock worth $363,492 and sold 367,172 shares worth $282,506.

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About Gear Energy

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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