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Big Mover; Gear International Inc. (GEAR)

By Warren Paige

Gear International Inc. (PINK: GEAR), a gold and silver mining company, was among the major gainers on Monday.

GEAR shares rose 63.79% to finish the day at $0.0380 on Monday.

The rally in Gear International shares was sparked after the company announced over the weekend that it enhanced its executive team and significantly reduced its share structure.

GEAR said that it appointed two senior advisors, Felix Abangin and Jamal Lucas, to the company’s executive team. Abangin is the minister of environment and natural resources in the Philippines, while Lucas is an emerging market resource development specialist with expertise in global finance.

Dale Geck, President of Gear International, said that he is pleased with the appointment of Abangin and Lucas. Geck said that the capital resource relationships and international affiliations of the two advisors strengthen the company’s capacity to attract beneficial execution partners for its projects.

 

May 22nd, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.