PHX Energy Services (TSE:PHX) Insider Craig Brown Sells 75,000 Shares

Key Points

• Craig Brown, an insider at PHX Energy Services, sold 75,000 shares of the company’s stock at an average price of C$7.79, totaling C$584,250, which decreased his ownership by 36.65%.
• Post-transaction, Brown owns 129,633 shares currently valued at approximately C$1,009,841.07.
• PHX Energy Services stock traded up 1.0% to C$7.86 following the sale, with a market capitalization of C$355.10 million.

PHX Energy Services Corp. (TSE:PHX - Get Free Report) insider Craig Brown sold 75,000 shares of PHX Energy Services stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of C$7.79, for a total transaction of C$584,250.00. Following the transaction, the insider directly owned 129,633 shares in the company, valued at approximately C$1,009,841.07. This represents a 36.65% decrease in their ownership of the stock.

PHX Energy Services Trading Up 1.0%

PHX Energy Services stock traded up C$0.08 during mid-day trading on Friday, hitting C$7.86. 31,029 shares of the company's stock were exchanged, compared to its average volume of 101,654. The company's 50 day simple moving average is C$7.78 and its 200-day simple moving average is C$8.05. The company has a quick ratio of 1.25, a current ratio of 1.67 and a debt-to-equity ratio of 25.99. The firm has a market capitalization of C$355.10 million, a P/E ratio of 6.89 and a beta of 1.24. PHX Energy Services Corp. has a fifty-two week low of C$6.64 and a fifty-two week high of C$10.10.

About PHX Energy Services

PHX Energy Services Corp is a Canadian service provider company. It is principally engaged in providing horizontal and directional drilling services, as well as web-based remote electronic drilling recorder technology and services, to oil and natural gas exploration and development companies in Canada, United States, Albania, and Russia.

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