Could Miller Energy Resources Inc(NYSE:MILL), Magnum Hunter Resources Corp(NYSE:MHR), and JULIUS BAER GROUP(OTCMKTS:JBAXY) Break Out?
New York, NY – GDP INSIDER – 11/24/2014.
This article discusses three companies: Miller Energy Resources Inc(NYSE:MILL), Magnum Hunter Resources Corp(NYSE:MHR), and JULIUS BAER GROUP(OTCMKTS:JBAXY)
Miller Energy Resources Inc(NYSE:MILL)announced on Nov. 21st that it had closed the sale of its Tennessee oil and gas assets for approximately $3.3 million in cash. The stock has traded within a range of $2.97 to $8.97 over the past 52 weeks, yet finished Friday’s trading at a closing price of $3.13 after a five cent loss. These figures suggest that investor confidence in Miller Energy Resources is on the decline.
Magnum Hunter Resources Corp(NYSE:MHR)is an independent oil and gas company that explores, exploits, acquires and produces crude oil and natural gas resources in the United States, operating in the Marcellus, Utica, and Williston Basin / Bakken Shales.. The company, which has a market capitalization of $959.54 million and 199.91 million tradeable shares, had a trading volume of 4.88 million Friday. This figure is 1.75 million lower than Magnum Hunter Resources’s three month average volume of 6.63 million.
JULIUS BAER GROUP(OTCMKTS:JBAXY)is a Switzerland-based private banking services company. Trader interest in Julius Baer appears to be spiking. While the stock lost three cents to finish Friday’s trading at a closing price of $8.91, a figure which is just $1.17 higher than the company’s 52 week low of $7.74, Julius Baer nevertheless had a trading volume of 0.66 million Friday. This figure is 0.53 million higher than the company’s three month average volume of 0.13 million.
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