Primeenergy Resources Corp (NASDAQ:PNRG)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $136.38 and traded as high as $141.50. Primeenergy Resources shares last traded at $138.25, with a volume of 617 shares traded.
The stock has a 50-day moving average price of $145.40 and a two-hundred day moving average price of $136.46. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.58. The stock has a market cap of $280.75 million, a price-to-earnings ratio of 28.27 and a beta of 0.40.
In related news, Director Clint Hurt sold 348 shares of Primeenergy Resources stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $150.26, for a total value of $52,290.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Rothschild Robert De sold 2,822 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $144.44, for a total transaction of $407,609.68. Following the sale, the insider now directly owns 200 shares in the company, valued at approximately $28,888. The disclosure for this sale can be found here. Insiders have sold a total of 9,561 shares of company stock worth $1,428,524 over the last ninety days. 71.15% of the stock is currently owned by corporate insiders.
About Primeenergy Resources (NASDAQ:PNRG)
PrimeEnergy Resources Corporation, an independent oil and natural gas company, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States. It also acquires producing oil and gas properties through joint ventures with industry partners; and provides contract services to third parties, including well-servicing support operations, site-preparation, and construction services for oil and gas drilling and reworking operations.
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