Glori Energy (OTCMKTS:GLRI) Shares Cross Above 50-Day Moving Average – Here’s Why

Shares of Glori Energy Inc (OTCMKTS:GLRI) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.00 and traded as high as $0.0001. Glori Energy shares last traded at $0.00, with a volume of 0 shares.

Glori Energy Price Performance

Glori Energy Company Profile

Glori Energy, Inc is an independent exploration and production company focused on the acquisition and development of oil and natural gas properties in the United States. The company targets mature onshore assets where existing infrastructure and proven reserves can be optimized through targeted workovers, recompletions and enhanced operational techniques.

Its asset portfolio consists primarily of low- to moderate-production wells in established U.S. basins. Glori Energy applies technical expertise and disciplined capital allocation to improve well performance, extend field life and generate attractive risk-adjusted returns for shareholders.

Headquartered in Houston, Texas, Glori Energy is led by a management team with backgrounds in upstream operations and asset management.