PHX - Shares of PHX Minerals Inc. (PHX) Rise to a New 52-Week High
Shares of PHX Minerals Inc. (NYSE:PHX) traded today at $3.90, eclipsing its 52-week high. So far today approximately 109,000 shares have been exchanged, as compared to an average 30-day volume of 360,000 shares.
PHX Minerals, previously Panhandle Oil & Gas, is an oil and natural gas mineral company that has employed a strategy to shift the core of its business away from drilling and toward perpetual mineral and natural gas ownership. The company owns substantial mineral acreage, principally in Oklahoma, North Dakota, Texas, New Mexico, and Arkansas, but still maintains legacy interests in natural gas and oil properties that have retired operations. The sale of natural gas, natural gas liquids, and oil continues to be the primary source of the company's revenue.
PHX Minerals Inc. share prices have moved between a 52-week high of $3.90 and a 52-week low of $1.36 and are now trading 184% above that low price at $3.85 per share.
PHX Minerals Inc. has overhead space with shares priced $3.85, or 76.2% below the average consensus analyst price target of $16.21.
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