Mesa Royalty Trust (NYSE:MTR)’s share price dropped 2.1% on Monday . The company traded as low as $7.80 and last traded at $7.80, approximately 60 shares traded hands during mid-day trading. A decline of 99% from the average daily volume of 8,725 shares. The stock had previously closed at $7.97.
Separately, TheStreet cut shares of Mesa Royalty Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, August 6th.
The stock’s 50 day moving average price is $8.07 and its two-hundred day moving average price is $10.54. The firm has a market capitalization of $14.85 million, a price-to-earnings ratio of 6.59 and a beta of 1.27.
Mesa Royalty Trust Company Profile (NYSE:MTR)
Mesa Royalty Trust owns net overriding royalty interests in various oil and gas producing properties in the United States. It has interests in properties located in the Hugoton field of Kansas; and the San Juan Basin field of New Mexico and Colorado. The company was founded in 1979 and is based in Houston, Texas.
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