REX American Resources (REX) Issues Earnings Results
REX American Resources (NYSE:REX) posted its earnings results on Wednesday. The energy company reported $2.01 earnings per share for the quarter, reports. REX American Resources had a net margin of 6.26% and a return on equity of 7.41%.
REX American Resources (REX) traded up $2.88 on Wednesday, reaching $89.37. 31,400 shares of the company’s stock were exchanged, compared to its average volume of 54,284. REX American Resources has a 52-week low of $76.10 and a 52-week high of $107.87. The company has a market cap of $571.90, a price-to-earnings ratio of 19.88 and a beta of 1.62.
In other news, Director Lawrence Tomchin sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $96.00, for a total value of $96,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Douglas Bruggeman sold 1,218 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $95.47, for a total transaction of $116,282.46. The disclosure for this sale can be found here. Insiders own 12.20% of the company’s stock.
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Rex American Resources Corporation is a holding company. As of January 31, 2017, the Company had invested in three ethanol production entities. It operates through alternative energy segment. As of January 31, 2017, the Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).
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