PHX Energy Services Corp (PHX) Trading Down 4.7%

PHX Energy Services Corp (TSE:PHX)’s share price traded down 4.7% during mid-day trading on Friday . The stock traded as low as C$2.00 and last traded at C$2.03. 17,425 shares were traded during mid-day trading, a decline of 76% from the average session volume of 71,727 shares. The stock had previously closed at C$2.13.

The stock’s 50-day moving average is $1.96 and its 200 day moving average is $2.78. The company’s market capitalization is $118.94 million.

In related news, insider Michael Leslie Buker bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average price of C$1.97 per share, with a total value of C$39,400.00. Also, insider John Michael Hooks bought 25,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was bought at an average cost of C$1.97 per share, with a total value of C$49,250.00. Insiders bought 354,200 shares of company stock valued at $700,898 in the last ninety days.

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About PHX Energy Services Corp

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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