Abraxas Petroleum Corporation (AXAS) Plunges 9.15% on October 28

Equities Staff  |

Abraxas Petroleum Corporation (AXAS) had a rough trading day for Wednesday October 28 as shares tumbled 9.15%, or a loss of $-0.15 per share, to close at $1.49. After opening the day at $1.60, shares of Abraxas Petroleum Corporation traded as high as $1.60 and as low as $1.49. Volume was 444,052 shares over 1,995 trades, against an average daily volume of n/a shares and a total float of 8.45 million.

As a result of the decline, Abraxas Petroleum Corporation now has a market cap of $12.6 million. In the last year, shares of Abraxas Petroleum Corporation have traded between a range of $11.00 and $1.62, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Abraxas Petroleum Corporation, check out Equities.com’s Stock Valuation Analysis report for AXAS.

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Abraxas Petroleum Corp is an independent energy company. It is primarily engaged in the acquisition, exploration, development, and production of oil and gas in the United States. The company's oil and gas assets are located in three operating regions, the Permian/Delaware Basin, the Rocky Mountain, and South Texas. It produces oil and gas from multiple stacked formations and various reservoirs, primarily the Turner, Bakken, Three Forks and Red River formations. The company operates through a single segment being exploration, development, and production of oil and gas.

Abraxas Petroleum Corporation is based out of San Antonio, TX and has some 65 employees. Its CEO is Robert L.G. Watson.

Abraxas Petroleum Corporation is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Abraxas Petroleum Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: AXAS’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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