Shoal Point Energy Ltd (CNSX:SHP) Director Mark Clayton Jarvis sold 124,000 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $0.18, for a total value of $22,369.60. Following the completion of the transaction, the director now directly owns 2,078,600 shares in the company, valued at approximately $374,979.44.
The stock has a 50 day moving average price of $0.11 and a two-hundred day moving average price of $0.07.
About Shoal Point Energy
Shoal Point Energy Ltd., an exploration stage company, engages in the acquisition, exploration, and development of oil and natural gas properties in Canada. It holds interest in the Humber Arm shale play covering an area of approximately 220,000 acres located in the west coast of Newfoundland. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.
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