Ring Energy Inc (REI) Jumps 7.88% on December 23

Equities Staff |

Ring Energy Inc (REI) was among the biggest gainers on the Russell 2000 for Wednesday December 23 as the stock popped 7.88% to $7.39, representing a gain of $0.54 per share. Some 117,259 shares traded hands on 563 trades, compared with an average daily volume of 90,483 shares out of a total float of 30.39 million. The stock opened at $6.90 and traded with an intraday range of $7.48 to $6.87.

After today's gains, Ring Energy Inc reached a market cap of $224.59 million. Ring Energy Inc has had a trading range between $13.41 and $6.57 over the last year, and it had a 50-day SMA of $9.60 and a 200-day SMA of $10.34.

The stock has a P/E Ratio of 137.

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.

Ring Energy Inc is based out of Midland, TX and has some 22 employees. Its CEO is 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.

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.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

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

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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