Hugoton Royalty Trust (OTCMKTS:HGTXU) Trading Down 7.8% – Here’s Why

Hugoton Royalty Trust (OTCMKTS:HGTXU) traded down 7.8% during mid-day trading on Monday . The company traded as low as $0.20 and last traded at $0.2210. 76,350 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 52,720 shares. The stock had previously closed at $0.2396.

Hugoton Royalty Trust Trading Down 7.8%

The firm’s 50-day moving average is $0.25 and its 200 day moving average is $0.30.

Hugoton Royalty Trust Company Profile

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.