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Legend Oil and Gas (NASDAQ:LOGL) major shareholder James Vandeberg sold 280,000 shares of Legend Oil and Gas stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $0.02, for a total transaction of $5,600.00. Following the transaction, the insider now directly owns 16,511,007 shares in the company, valued at approximately $330,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Legend Oil and Gas (NASDAQ:LOGL) traded down 12.50% on Thursday, hitting $0.0175. 641,215 shares of the company’s stock traded hands. Legend Oil and Gas has a 52-week low of $0.01 and a 52-week high of $0.09. The stock has a 50-day moving average of $0.01 and a 200-day moving average of $0.03. The company’s market cap is $2.0 million.

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

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