Mayan Energy (LON:MYN) Trading 16.7% Higher – Here’s Why

Mayan Energy Ltd (LON:MYNGet Free Report)’s stock price rose 16.7% on Tuesday . The company traded as high as GBX 0.15 ($0.00) and last traded at GBX 0.14 ($0.00). Approximately 16,096,226 shares traded hands during mid-day trading, an increase of 16% from the average daily volume of 13,897,712 shares. The stock had previously closed at GBX 0.12 ($0.00).

Mayan Energy Price Performance

The business’s 50-day moving average price is GBX 0.14 and its two-hundred day moving average price is GBX 0.14. The firm has a market cap of £5.28 million and a price-to-earnings ratio of -0.23.

About Mayan Energy

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Mayan Energy Limited engages in the development, production, and sale of hydrocarbons and related activities in the United States. The company holds interests in Forest Hills project situated in Wood County, Texas; Stockdale oil fields located in Wilson County, Texas; Zink Ranch and Mathis leases situated in Osage County, Oklahoma; and Shoats Creek field located in Louisiana.

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