Company Shares of Glori Energy Inc (NASDAQ:GLRI) Rally 8.26%

Glori Energy Inc (NASDAQ:GLRI) has been under a strong bear grip, hence the stock is down -9.21% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 6.89% in the past 1 week. The stock has risen by 8.26% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.74% in the past 4 weeks.

The company shares have dropped -84.34% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $1.78 and the one year low was seen on Apr 18, 2016. The 50-Day Moving Average price is $0.24 and the 200 Day Moving Average price is recorded at $0.24.

The stock has recorded a 20-day Moving Average of 0.22% and the 50-Day Moving Average is 8.77%.


Glori Energy Inc (NASDAQ:GLRI): stock turned positive on Friday. Though the stock opened at $0.2205, the bulls momentum made the stock top out at $0.26 level for the day. The stock recorded a low of $0.22 and closed the trading day at $0.249, in the green by 18.57%. The total traded volume for the day was 1,760,023. The stock had closed at $0.21 in the previous days trading.

In an insider trading activity, Nimitz Kenneth, officer (S.V.P. of Operations) of Glori Energy Inc., had purchased 12,800 shares on October 21, 2015. The total value of the transaction was $11,520. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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