Ring Energy Inc. (REI) Plunges 8.54% on December 19

Ring Energy Inc. (REI) had a rough trading day for Wednesday December 19 as shares tumbled 8.54%, or a loss of $-0.44 per share, to close at $4.71. After opening the day at $5.07, shares of Ring Energy Inc. traded as high as $5.27 and as low as $4.62. Volume was 1.1 million shares over 6,673 trades, against an average daily volume of 772,709 shares and a total float of 60.54 million.

As a result of the decline, Ring Energy Inc. now has a market cap of $285.15 million.

The stock has a P/E Ratio of 30.4.

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 37 employees. Its CEO is Kelly Hoffman.

Share:

Other News

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Canada News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Latest Headlines

Subscribe

Join our email list to receive the free market update newsletter

Canada News Group is a financial media company whose focus is to provide readers with financial news and content on the latest trends and happenings in the financial world.

error: Content is protected !!