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Spikes in Gasfrac trading raise spectre of activist investor Add to ...

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Unusually large recent trading volume in Gasfrac Energy Services Inc. shares has raised speculation the company, known for its unique oil and gas rock-fracturing technology, could be the target of an activist investor.

Gasfrac stock has languished. It is down 20 per cent from a peak of $2.07 at the start of the year as the company has struggled to sign up new customers for its fracking technology that involves the use of propane rather than water.

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