Hugoton Royalty Trust (OTCMKTS:HGTXU – Get Free Report) was up 2.2% on Tuesday . The stock traded as high as $0.3150 and last traded at $0.3050. Approximately 23,605 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 32,661 shares. The stock had previously closed at $0.2985.
Hugoton Royalty Trust Stock Performance
The business has a fifty day moving average of $0.31 and a 200-day moving average of $0.36.
About Hugoton Royalty Trust
Hugoton Royalty Trust (OTCMKTS:HGTXU) is a passive oil and gas royalty trust that holds specified overriding royalty interests in producing properties within the Hugoton natural gas field, one of North America’s largest conventional gas accumulations. The trust itself does not conduct exploration or development activities; instead, it collects and distributes a fixed percentage of production revenue generated by third‐party operators on its interest acreage.
The primary assets of the trust cover acreage in the Hugoton Field spanning southwestern Kansas, the Texas Panhandle, and adjacent areas of Oklahoma.
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