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Legend Oil and Gas (NASDAQ:LOGL) major shareholder James Vandeberg unloaded 138,500 shares of the company’s stock on the open market in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $0.02, for a total transaction of $2,770.00. Following the completion of the sale, the insider now directly owns 16,791,007 shares of the company’s stock, valued at approximately $335,820. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Legend Oil and Gas (NASDAQ:LOGL) opened at 0.029 on Friday. Legend Oil and Gas has a one year low of $0.01 and a one year high of $0.10. The stock’s 50-day moving average is $0.0 and its 200-day moving average is $0.03. The company’s market cap is $3.3 million.

Legend Oil and Gas, Ltd. (NASDAQ:LOGL) is an oil and gases exploration, development and production company.

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