PHX Energy Services Corp (PHX) Trading 6.1% Higher After Insider Buying Activity
PHX Energy Services Corp (TSE:PHX) traded up 6.1% on Monday after an insider bought additional shares in the company. The stock traded as high as $2.34 and last traded at $2.25, with a volume of 116,900 shares changing hands. The stock had previously closed at $2.12.
Specifically, insider John Michael Hooks acquired 250,400 shares of PHX Energy Services Corp stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of C$1.97 per share, with a total value of C$493,288.00. Also, insider Michael Leslie Buker acquired 20,000 shares of PHX Energy Services Corp stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average cost of C$1.97 per share, with a total value of C$39,400.00. Insiders have acquired a total of 344,200 shares of company stock valued at $678,498 in the last three months.
The stock’s 50 day moving average is $1.95 and its 200-day moving average is $2.84. The firm’s market capitalization is $131.83 million.
PHX Energy Services Corp Company Profile
PHX Energy Services Corp., through its subsidiaries, provides horizontal and directional drilling technology and services to oil and natural gas producing companies in Canada, the United States, Albania, and the Russian Federation. The company offers Velocity Real-Time, E-360 measurement while drilling (MWD), P-360 positive pulse MWD, 360 resistivity while drilling, and 360 clear vision MWD systems, as well as performance drilling motor rental services.
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