Lilis Energy Inc. (NASDAQ:LLEX) shares were up 12.2% during mid-day trading on Friday . The stock traded as high as $0.32 and last traded at $0.28, approximately 13,040,122 shares traded hands during mid-day trading. An increase of 146% from the average daily volume of 5,305,359 shares. The stock had previously closed at $0.25.
Separately, Capital One Financial downgraded Lilis Energy from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 21st.
The business’s 50 day simple moving average is $0.32.
Lilis Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of conventional and unconventional oil and natural gas properties. Its total net acreage in the Delaware Basin is approximately 20,400 acres. The company's oil and natural gas properties are located in the Delaware Basin in Winkler, Loving, and Reeves counties, Texas; and Lea County, New Mexico.
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