EON Resources Inc. (NYSEAMERICAN:EONR – Get Free Report) Director Joseph Salvucci, Jr. purchased 30,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were acquired at an average cost of $0.41 per share, with a total value of $12,300.00. Following the completion of the acquisition, the director directly owned 347,784 shares in the company, valued at $142,591.44. The trade was a 9.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
EON Resources Price Performance
NYSEAMERICAN EONR traded up $0.01 during trading hours on Friday, hitting $0.44. The company had a trading volume of 383,140 shares, compared to its average volume of 3,742,615. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.35 and a current ratio of 0.35. EON Resources Inc. has a 1-year low of $0.27 and a 1-year high of $1.90. The business has a 50 day moving average of $0.49 and a 200-day moving average of $0.42.
Hedge Funds Weigh In On EON Resources
An institutional investor recently raised its position in EON Resources stock. Two Sigma Investments LP raised its position in EON Resources Inc. (NYSEAMERICAN:EONR – Free Report) by 574.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 194,560 shares of the company’s stock after purchasing an additional 165,709 shares during the period. Two Sigma Investments LP owned about 0.52% of EON Resources worth $95,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 33.51% of the company’s stock.
EON Resources Company Profile
EON Resources Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and production of oil and natural gas properties in the Permian Basin. It holds a 100% working interest in the property that consists of 343 wells producing oil and gas, as well as 207 injection wells covering an area of approximately 13,700 contiguous acres.
Recommended Stories
- Five stocks we like better than EON Resources
- How to Short a Stock in 5 Easy Steps
- 3 Stocks to Buy for the Evolution of AI Infrastructure
- What is a Dividend King?
- How Semtech’s Data Center Chips Are Powering the AI Boom
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Keysight Technologies’ Surge: The Market Wakes Up to This AI Play
Receive News & Ratings for EON Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EON Resources and related companies with MarketBeat.com's FREE daily email newsletter.
