Short Interest in Gear Energy Ltd. (OTCMKTS:GENGF) Grows By 11.3%

Gear Energy Ltd. (OTCMKTS:GENGF) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 2,126,200 shares, an increase of 11.3% from the October 15th total of 1,910,100 shares. Based on an average daily trading volume, of 152,600 shares, the short-interest ratio is presently 13.9 days.

Gear Energy Trading Down 0.8 %

Shares of OTCMKTS GENGF traded down $0.00 during mid-day trading on Monday, reaching $0.38. 26,700 shares of the company’s stock were exchanged, compared to its average volume of 95,487. Gear Energy has a twelve month low of $0.37 and a twelve month high of $0.58. The business has a fifty day simple moving average of $0.42 and a 200 day simple moving average of $0.48.

About Gear Energy

Gear Energy Ltd., an exploration and production company, engages in the acquiring, developing, and holding of interests in petroleum and natural gas properties and assets in Canada. The company's oil properties are located in Central Alberta, West Central Saskatchewan, and Southeast Saskatchewan.