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

Legend Oil and Gas (NASDAQ:LOGL) opened at 0.015 on Monday. Legend Oil and Gas has a one year low of $0.01 and a one year high of $0.09. The stock has a 50-day moving average of $0.01 and a 200-day moving average of $0.02. The company’s market cap is $1.7 million.

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

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