Glori Energy Director Larry Lee Aschebrook Sells 1,614 Shares (GLRI)
Glori Energy (NASDAQ:GLRI) Director Larry Lee Aschebrook unloaded 1,614 shares of Glori Energy stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of $11.30, for a total value of $18,238.20. Following the sale, the director now directly owns 21,947 shares in the company, valued at approximately $248,001. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Glori Energy (NASDAQ:GLRI) traded up 3.88% during mid-day trading on Monday, hitting $11.52. 144,550 shares of the company’s stock traded hands. Glori Energy has a 1-year low of $7.51 and a 1-year high of $12.44. The stock’s 50-day moving average is $9.36 and its 200-day moving average is $8.31. The company’s market cap is $38.0 million.
GLRI has been the subject of a number of recent research reports. Analysts at Robert W. Baird reiterated an “outperform” rating on shares of Glori Energy in a research note on Friday, May 16th. They now have a $12.00 price target on the stock. Separately, analysts at Maxim Group initiated coverage on shares of Glori Energy in a research note on Thursday, May 15th. They set a “buy” rating and a $11.00 price target on the stock.
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