Gear Energy (OTCMKTS:GENGF) Shares Down 3.2% – Time to Sell?

Gear Energy Ltd. (OTCMKTS:GENGFGet Free Report)’s share price was down 3.2% during trading on Monday . The company traded as low as $0.3301 and last traded at $0.3330. Approximately 135,555 shares changed hands during trading, an increase of 6% from the average daily volume of 128,194 shares. The stock had previously closed at $0.3441.

Gear Energy Price Performance

The business has a fifty day simple moving average of $0.33 and a two-hundred day simple moving average of $0.33.

About Gear Energy

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Gear Energy Ltd. is a Calgary-based oil and gas exploration and production company listed on the OTC Markets under the ticker GENGF. The company focuses on the identification, development and optimization of low-decline oil and natural gas reserves in Western Canada. Gear Energy employs a disciplined capital allocation strategy to maintain a strong balance sheet while pursuing value-driven drilling and acquisition opportunities within its core operating areas.

Gear Energy’s asset portfolio is concentrated in the Alberta Deep Basin, where it holds working interests in both conventional natural gas plays and light oil formations.

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