Home / Basic Materials / Basic Materials Sector Feels Loss of 3.03% for Isramco Inc. (ISRL) in Early Trading on September 23

Basic Materials Sector Feels Loss of 3.03% for Isramco Inc. (ISRL) in Early Trading on September 23

Isramco Inc. (ISRL) started the trading day on a down note, making it one of the worst performing stocks in the basic materials sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 23. Shares of ISRL have fallen 3.03% about 30 minutes into the session to $80.26 after closing the day prior at $82.76. It’s early, but the stock has traded as high as $80.26 and as low as $80.26 so far. Today’s quick decline has come with about 100 shares changing hands, compared to an average 30-day volume of 760 for Isramco Inc.. The price is currently below the 30-day volume weighted average price of $80.26 for ISRL.

The share depreciation gives the company a market capitalization of $224.93 million based upon 2.72 million shares outstanding. It also means that ISRL has a price-to-book ratio of 69.12:1.

In the past 52 weeks, shares of ISRL have traded as low as $70.5 and as high as $112.01. Technical traders will take note that at $80.26, shares of ISRL are trading below their 200-day MA at $84.4 and below their 50-day MA at $80.58. 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 below them is typically regarded as bearish.

Who is ISRL?

Isramco Inc is an independent oil and natural gas company, engaged in the exploration, development and production of predominately oil and natural gas properties located onshore in the United States and offshore Israel. The company’s 224 employees are led by CEO Haim Tsuff from the corporate headquarters at 2425 West Loop South in Houston, TX.

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