Insider Buying: Propell Technologies Group Director Buys 50,000 Shares of Stock (PROP)
Propell Technologies Group (NASDAQ:PROP) Director John A. Zotos acquired 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were purchased at an average cost of $0.22 per share, with a total value of $11,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Propell Technologies Group (NASDAQ:PROP) traded down 6.98% during mid-day trading on Wednesday, hitting $0.20. The stock had a trading volume of 269,500 shares. Propell Technologies Group has a 52 week low of $0.14 and a 52 week high of $0.57. The stock has a 50-day moving average of $0.23 and a 200-day moving average of $0.25. The company’s market cap is $48.1 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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