Mexco Energy (NYSE:MXC) Stock Price Down 2.4% – Here’s What Happened

Mexco Energy Co. (NYSE:MXC) traded down 2.4% during mid-day trading on Thursday . The company traded as low as $11.80 and last traded at $11.80. 3,629 shares were traded during trading, a decline of 63% from the average session volume of 9,768 shares. The stock had previously closed at $12.09.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Mexco Energy in a report on Saturday, October 5th. They issued a “hold” rating on the stock.

Mexco Energy Stock Performance

The firm’s 50-day moving average price is $12.38 and its two-hundred day moving average price is $11.90. The firm has a market cap of $24.14 million, a PE ratio of 20.70 and a beta of 0.53.

Mexco Energy Company Profile

Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids in the United States. It owns partial interests in approximately 6,400 gross producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, North Dakota, and Ohio.