Glori Energy (OTCMKTS:GLRI) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Glori Energy Inc (OTCMKTS:GLRI) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 trading hands.

Glori Energy Trading Down 100.0%

About Glori Energy

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.