Rochester, NY 8/27/2009 10:26:19 PM
Greenhunter president Gayr C. Evans sells shares
GreenHunter Energy, Inc.
GREENHUNTER ENERGY Inc. was built to assemble and manage a portfolio of renewable energy assets and clean fuels assets. Several factors have converged to improve the outlook for the renewable energy market--the adoption of renewable portfolio standards; the environmental challenges posed by the continued use of non-renewable resources; the impact of weather on limited US supply and production facilities and the corresponding rising fuel prices along with the desire for energy independence.
Chairman,President and CEO of Greenhunter Energy Inc. Gary C. Evans sells 630,000 shares of GRH at an average price of $2.28 a share. Greenhunter Energy Inc has a market cap of $42.7 million; its shares were traded at around $2.03 with and P/S ratio of 8.5.
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