Grand Gulf Energy Limited (GGE) Insider Purchases A$71,258.67 in Stock

Grand Gulf Energy Limited (ASX:GGE) insider Craig Burton acquired 14,251,733 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average price of A$0.01 ($0.00) per share, for a total transaction of A$71,258.67 ($50,538.06).

Grand Gulf Energy stock remained flat at $A$0.00 ($0.00) during midday trading on Friday. The company has a market cap of $2.30 million and a P/E ratio of -4.00. Grand Gulf Energy Limited has a 52 week low of A$0.00 ($0.00) and a 52 week high of A$0.01 ($0.00).

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Grand Gulf Energy Company Profile

Grand Gulf Energy Limited explores, evaluates, and produces oil and gas leases the United States. It owns a 39.65% working interest in the Desiree field on the Napoleonville Salt Dome; 55.5% working interest in the Dugas and Leblanc #3 well; and 11.93% working interest in the West Klondike well. The company was formerly known as Alto Energy International Limited and changed its name to Grand Gulf Energy Limited in June 2007.

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