Rex Energy Corporation (REXX) was one of the best performers amongst all companies listed in the basic materials sector on the NYSE and NASDAQ exchanges during trading on September 22, climbing 3.18% to wrap the day at $0.49 after closing the day prior at $0.47. Throughout the trading session, shares of REXX rose as high as $0.5 and dipped as low as $0.47. Today’s advance came with about 1.56 million shares changing hands, compared to an average 30-day volume of 1.01 million for Rex Energy Corporation. The price is currently below the 30-day volume weighted average price of $0.49 for REXX.
The share appreciation today gives the company a market capitalization of $45.28 million based upon 95.33 million shares outstanding. It also means that REXX has a price-to-book ratio of 0.77:1.
In the past 52 weeks, shares of REXX have traded as low as $0.4707 and as high as $3.34. Technical traders will take note that at $0.49, shares of REXX are trading below their 200-day MA at $0.8 and below their 50-day MA at $0.59. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is REXX?
Rex Energy Corp is an independent energy company. The Company is engaged in acquisition, production, exploration and development of oil and gas with properties concentrated in the Appalachian and Illinois basins. The company’s 274 employees are led by CEO Thomas C. Stabley from the corporate headquarters at 366 Walker Drive in State College, PA.
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