Panhandle Oil and Gas Inc (PHX) Moves Lower on Volume Spike for October 11

Equities Staff  |

Panhandle Oil and Gas Inc (PHX) traded on unusually high volume on Oct. 11, as the stock lost 2.19% to close at $17.87. On the day, Panhandle Oil and Gas Inc saw 40,709 shares trade hands on 459 trades. Considering that the stock averages only a daily volume of 22,285 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $25.15 and $17.63 over the last 52-weeks, its 50-day SMA is now $18.79, and its 200-day SMA $19.65. Panhandle Oil and Gas Inc has a P/B ratio of 2.32. It also has a P/E ratio of 20.8.

Panhandle Oil and Gas Inc is engaged in the acquisition, management and development of non-operated oil and natural gas properties, including wells located on the its mineral and leasehold acreage.

Headquartered in Oklahoma, OK, Panhandle Oil and Gas Inc has 21 employees and is currently under the leadership of CEO Paul F. Blanchard.

For a complete fundamental analysis analysis of Panhandle Oil and Gas Inc, check out Equities.com’s Stock Valuation Analysis report for PHX.

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To get more information on Panhandle Oil and Gas Inc and to follow the company’s latest updates, you can visit the company’s profile page here: PHX’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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