MXC - In A Strategic Move Tammy McComic Acquires Mexco Energy Stock Options: Enhancing Value | Benzinga
Tammy McComic, President at Mexco Energy (AMEX:MXC), reported acquisition of company stock options on April 17, according to a new SEC filing.
What Happened: Disclosed in a Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission, McComic, President at Mexco Energy, made a strategic derivative acquisition. This involved acquiring stock options for 147 shares of MXC, providing the right to buy the company's stock at an exercise price of $8.51 per share.
Currently, Mexco Energy shares are trading down 9.42%, priced at $13.94 during Wednesday's morning. This values McComic's 147 shares at $798.
All You Need to Know About Mexco Energy
Mexco Energy Corporation is an independent oil and gas company. It is engaged in the exploration, development, and production of natural gas and crude oil properties located in the United States. The company carried out its operation in the Permian Basin of West Texas. It is focusing on two primary areas, the Delaware Basin located in the Western portion of the Permian Basin including Lea and Eddy Counties, New Mexico and Loving County, Texas, and the Midland Basin located in the Eastern portion of the Permian Basin including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties, Texas. The company generates revenue from Oil sales, Natural ...