PHX Energy Services (TSE:PHX) Insider Sells C$584,250.00 in Stock

PHX Energy Services Corp. (TSE:PHX) insider Craig Brown sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of C$7.79, for a total transaction of C$584,250.00. Following the sale, the insider owned 129,633 shares of the company’s stock, valued at approximately C$1,009,841.07. This represents a 36.65% decrease in their ownership of the stock.

PHX Energy Services Stock Performance

Shares of PHX opened at C$7.87 on Friday. The company has a market capitalization of C$355.55 million, a PE ratio of 6.90 and a beta of 1.24. The company has a debt-to-equity ratio of 25.99, a quick ratio of 1.25 and a current ratio of 1.67. The company’s 50 day moving average price is C$7.78 and its 200 day moving average price is C$8.04. PHX Energy Services Corp. has a 52 week low of C$6.64 and a 52 week high of C$10.10.

PHX Energy Services Company Profile

PHX Energy Services Corp is a Canadian service provider company. It is principally engaged in providing horizontal and directional drilling services, as well as web-based remote electronic drilling recorder technology and services, to oil and natural gas exploration and development companies in Canada, United States, Albania, and Russia.