Insider Buying: John A. Zotos Acquires 50,000 Shares of Propell Technologies Group Stock (PROP)
Propell Technologies Group (NASDAQ:PROP) Director John A. Zotos bought 50,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 20th. The shares were purchased at an average price of $0.23 per share, for a total transaction of $11,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Propell Technologies Group (NASDAQ:PROP) traded up 3.04% during mid-day trading on Monday, hitting $0.237. The stock had a trading volume of 8,650 shares. Propell Technologies Group has a 52-week low of $0.14 and a 52-week high of $0.57. The stock’s 50-day moving average is $0.23 and its 200-day moving average is $0.24. The company’s market cap is $57.0 million.
Propell Technologies Group, Inc offers enhanced oil recovery technology and services. These services are offered through its wholly owned subsidiary Novas Energy USA, Inc, through commercial application of a Plasma-Pulse Technology.
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