Altex Industries (OTCMKTS:ALTX) Trading Up 20% – Still a Buy?

Shares of Altex Industries, Inc. (OTCMKTS:ALTXGet Free Report) rose 20% during mid-day trading on Tuesday . The company traded as high as $0.29 and last traded at $0.29. Approximately 2,000 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 4,500 shares. The stock had previously closed at $0.24.

Altex Industries Stock Performance

The company has a market capitalization of $3.23 million, a PE ratio of 7.20 and a beta of 0.10. The business’s 50-day simple moving average is $0.25 and its 200-day simple moving average is $0.25.

Altex Industries Company Profile

(Get Free Report)

Altex Industries, Inc, through its subsidiary, Altex Oil Corporation, owns interests in productive onshore oil and gas properties located in Utah and Wyoming. The company was incorporated in 1985 and is based in Denver, Colorado.

Further Reading

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