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Poly Shield Technologies (NASDAQ:SHPR) major shareholder Rasmus Norling unloaded 100,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $1.00, for a total value of $100,000.00. Following the transaction, the insider now directly owns 54,000,000 shares of the company’s stock, valued at approximately $54,000,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Poly Shield Technologies (NASDAQ:SHPR) traded down 3.39% on Monday, hitting $0.855. 28,234 shares of the company’s stock traded hands. Poly Shield Technologies has a one year low of $0.13 and a one year high of $1.22. The stock has a 50-day moving average of $0.94 and a 200-day moving average of $0.96. The company’s market cap is $75.2 million.

Poly Shield Technologies Inc (NASDAQ:SHPR) is a research, development and marketing company providing environmental, energy saving and durability solutions.

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