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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 dated Friday, August 29th. The shares were purchased at an average price of $0.22 per share, for a total transaction of $11,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, 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. 269,500 shares of the company’s stock traded hands. 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 $0.25. 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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