Glori Energy Inc (OTCMKTS:GLRI – Get Free Report) shares passed above its fifty day moving average during trading on Tuesday. 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 Stock Down 100.0%
Glori Energy Company Profile
Glori Energy, Inc was an energy technology company focused on improving oil recovery from existing oil fields. Its primary technology, known as the AERO System, was designed to use naturally occurring microorganisms in oil reservoirs to help mobilize trapped hydrocarbons and increase production from mature fields.
The AERO System combined reservoir analysis, microbial stimulation and the injection of selected nutrients into producing wells. Rather than relying solely on conventional mechanical or chemical methods, the approach sought to enhance the activity of indigenous reservoir bacteria and improve the efficiency of existing oil-production operations.
Glori Energy’s activities were directed toward the oil and gas industry, with an emphasis on applying its technology to mature petroleum assets.
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