Mexco Energy Co. (NYSEAMERICAN:MXC) Director Sells $12,000.00 in Stock

Mexco Energy Co. (NYSEAMERICAN:MXC) Director Michael J. Banschbach sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $6.00, for a total value of $12,000.00. Following the completion of the transaction, the director now owns 20,044 shares in the company, valued at approximately $120,264. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of MXC stock opened at $5.43 on Friday. Mexco Energy Co. has a twelve month low of $1.53 and a twelve month high of $14.63.

Mexco Energy (NYSEAMERICAN:MXC) last announced its earnings results on Thursday, August 6th. The oil and gas exploration company reported ($0.15) earnings per share for the quarter. The business had revenue of $0.37 million during the quarter.

Separately, TheStreet downgraded Mexco Energy from a “c-” rating to a “d+” rating in a research note on Tuesday, September 8th.

Mexco Energy Company Profile

Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids in the United States. It owns interests in and operates 3 producing wells; and owns partial interests in approximately 6,000 producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, and North Dakota.

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