Ring Energy Inc (REI) is Trading Lower on Unusual Volume for January 18

Equities Staff |

Ring Energy Inc (REI) experienced unusually high volume on Jan. 18, as the stock lost 7.52% to a closing price of $4.55. The stock saw 235,742 shares trade hands over the course of the day on 1,353 trades. Given that the stock’s average daily volume over the last month has been 133,623 shares a day, this represents a pretty substantial spike over the norm.

Ring Energy Inc has a P/B ratio of 0.72. It also has a P/E ratio of 91. The stock has traded between $13.41 and $4.35 over the last 52-weeks, its 50-day SMA is now $8.17, and its 200-day SMA $10.02.

Ring Energy Inc is a Midland-based exploration and production company that is engaged in oil and natural gas acquisition, exploration, development and production activities. Its exploration and production interests are in Texas and Kansas.

Headquartered in Midland, TX, Ring Energy Inc has 22 employees and is currently under the leadership of CEO Kelly Hoffman.

For a complete fundamental analysis analysis of Ring Energy Inc, check out Equities.com’s Stock Valuation Analysis report for REI. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.


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

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