Altex Industries (OTCMKTS:ALTX) Shares Down 6.1% – What’s Next?

Altex Industries (OTCMKTS:ALTXGet Free Report)’s stock price dropped 6.1% during mid-day trading on Thursday . The company traded as low as $0.2534 and last traded at $0.2534. Approximately 1,200 shares were traded during trading, a decline of 87% from the average daily volume of 9,361 shares. The stock had previously closed at $0.27.

Altex Industries Stock Performance

The stock has a market capitalization of $2.84 million, a price-to-earnings ratio of -25.34 and a beta of 0.16. The business has a 50-day moving average of $0.31 and a 200-day moving average of $0.32.

About Altex Industries

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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.

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