REI - Smart Money Move: John A Crum Grabs $83K Worth Of Ring Energy Stock | Benzinga
Disclosed in the latest SEC filing, a significant insider purchase on December 4, involves John A Crum, Board Member at Ring Energy (AMEX:REI).
What Happened: In a Form 4 filing on Monday with the U.S. Securities and Exchange Commission, it was disclosed that Crum bought 50,000 shares of Ring Energy, amounting to a total of $83,700.
Ring Energy's shares are actively trading at $1.58, experiencing a down of 0.0% during Tuesday's morning session.
All You Need to Know About Ring Energy
Ring Energy Inc is an independent exploration and production company based in The Woodlands, Texas and is engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. The drilling operations of the company target the oil and liquids rich producing formations in the Northwest Shelf, the Central Basin Platform, and the Delaware Basin all of which are part of the Permian Basin in Texas.
A Deep Dive into Ring Energy's Financials
Revenue Growth: Ring Energy's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -0.77%. This indicates a decrease in ...