Madalena Energy Inc. (MVN) Hits New 1-Year High at $0.20

Madalena Energy Inc. (CVE:MVN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.20 and last traded at C$0.19, with a volume of 85500 shares changing hands. The stock had previously closed at C$0.19.

In other news, Director Gus Halas purchased 300,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was acquired at an average price of C$0.14 per share, for a total transaction of C$42,000.00. Over the last 90 days, insiders purchased 390,000 shares of company stock valued at $55,000.

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Madalena Energy Company Profile

Madalena Energy Inc explores for, develops, and produces crude oil, natural gas liquids, and natural gas. The company primarily holds approximately 950,000 net acres in properties located in the Noroeste Basin in Northern Argentina and the Neuquén Basin in central Argentina. Its primary producing concessions are located at Surubi, Puesto Morales, and Coirón Amargo.

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