Ring Energy Inc. (REI) Soars 3.57% on June 30

Equities Staff  |

Ring Energy Inc. (REI) had a good day on the market for Tuesday June 30 as shares jumped 3.57% to close at $1.16. About 1.16 million shares traded hands on 2,934 trades for the day, compared with an average daily volume of n/a shares out of a total float of 67.98 million. After opening the trading day at $1.11, shares of Ring Energy Inc. stayed within a range of $1.17 to $1.07.

With today's gains, Ring Energy Inc. now has a market cap of $78.85 million. Shares of Ring Energy Inc. have been trading within a range of $3.45 and $0.52 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Ring Energy Inc is an oil and gas exploration and production company based in Midland, Texas. Its activities include the acquisition, exploration, development, and production of oil and natural gas fields. These operations are focused in the Permian, Central, and Delaware Basins in Texas and Kansas, but a vast majority of production comes from Texas. The company's production is mostly done through the vertical drilling of wells.

Ring Energy Inc. is based out of Midland, TX and has some 58 employees. Its CEO is Kelly Hoffman.

For a complete fundamental analysis of Ring Energy Inc., check out Equities.com’s Stock Valuation Analysis report for REI.

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Ring Energy Inc. is also 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 Ring Energy Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: REI’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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