PHX Energy Services Corp (PHX) Trading Up 6.6%

PHX Energy Services Corp (TSE:PHX) shares were up 6.6% during mid-day trading on Tuesday . The company traded as high as C$2.10 and last traded at C$2.09. Approximately 13,475 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 72,529 shares. The stock had previously closed at C$1.96.

The firm’s market capitalization is $117.18 million. The stock’s 50-day moving average price is $1.95 and its 200-day moving average price is $2.75.

In other news, insider John Michael Hooks bought 25,000 shares of PHX Energy Services Corp stock in a transaction dated Thursday, August 24th. The stock was bought at an average cost of C$1.97 per share, for a total transaction of C$49,250.00. Also, insider Michael Leslie Buker bought 20,000 shares of PHX Energy Services Corp stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average price of C$1.97 per share, with a total value of C$39,400.00. Over the last 90 days, insiders bought 354,200 shares of company stock valued at $700,898.

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PHX Energy Services Corp Company Profile

PHX Energy Services Corp. is a Canada-based company, which provides horizontal and directional drilling technology and services. The Company offers its services to oil and natural gas producing companies in the Canadian provinces of Alberta, Saskatchewan, British Columbia and Manitoba; across the Gulf Coast, Northeast and Rocky Mountain regions of the United States, and internationally, primarily in Albania and Russia.

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