Glori Energy Inc (GLRI” target=”_new”>GLRI) was one of the weakest stocks in the basic materials sector of the NYSE and NASDAQ listed companies on April 21, skidding 3.03% to close the day at $0.03 after closing the day prior at $0.03. Throughout the day, shares of GLRI” target=”_new”>GLRI traded as high as $0.03 and as low as $0.03. Today’s decline came with about 173,338 shares changing hands, compared to an average 30-day volume of 43,262 for Glori Energy Inc. The price is currently below the 30-day volume weighted average price of $0.03 for GLRI” target=”_new”>GLRI.
The share depreciation gives the company a market capitalization of $1.07 million based upon 32.37 million shares outstanding. It also means that GLRI has a price-to-book ratio of 12.04:1.
In the past 52 weeks, shares of GLRI” target=”_new”>GLRI have traded as low as $0.0316 and as high as $0.38. Technical traders will take note that at $0.03, shares of GLRI” target=”_new”>GLRI are trading below their 200-day MA at $0.1 and below their 50-day MA at $0.04. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is GLRI?
Glori Energy Inc is an energy technology company. The Company applies its proprietary AERO System for increasing oil recovery from reservoirs. It also owns and operates oilfields. The company’s 35 employees are led by CEO Kevin P. Guilbeau from the corporate headquarters at 4315 South Drive in Houston, TX.
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