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 September 2, 2014 - 5:14 PM EDT
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Magnum Hunter Resources Corp (MHR) Drops 5.07% on September 2

Magnum Hunter Resources Corp (MHR) was one of the Russell 2000's biggest losers for September 2 as the stock slid 5.07% to $6.56, a loss of $0.35 per share. Starting at an opening price of $6.92 a share, the stock traded between $6.47 and $6.92 over the course of the trading day. Volume was 3,501,462 shares over 12,923 trades, against an average daily volume of 3,558,124 shares and a total float of 199,397,350.

The losses send Magnum Hunter Resources Corp down to a market cap of $1,308,046,616. In the last year, Magnum Hunter Resources Corp has traded between $9.27 and $4.69, and its 50-day SMA is currently $7.05 and 200-day SMA is $7.64.

For a full analysis of Magnum Hunter Resources Corp, check out Equities.com's E.V.A. report.

Magnum Hunter Resources Corporation is an exploration and production company. The Company is engaged in exploration, acquisition, development and production of crude oil, natural gas and NGLs resources in the United States and Canada.

Magnum Hunter Resources Corp, led by CEO Gary C. Evans, has 445 employees and is headquartered in Houston, TX.

One of the most effective tools for tracking the market for small-cap stocks is the Russell 2000, the nation's leading small-cap index created by industry stalwart Russell Investments. Unlike the well-known Dow Jones Industrial Average (DJIA) and S&P 500, Russell's indices eschew committee selection in favor of a more objective, rules-based system for selecting index membership.

The broad-based Russell 3000, which is meant to cover the stock market as a whole, is simply the 3,000 companies with the largest market cap in the United States. The Russell 2000 is then just the bottom 2,000 companies of that index, offering a look at those small-cap companies with smaller market caps. It makes for an unbiased overview of the small-cap stocks that can help any investor get a better sense of what the market is doing and where it might be headed.

For more news on the financial markets, go to Equities.com. Also, learn more about our Small-Cap Stars. Register to become a member and leverage our proprietary research tools such as the Small-Cap Stars, and robust do-it-yourself Equities Valuation Analysis (E.V.A.) research reports.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.


Source: Equities.com News (September 2, 2014 - 5:14 PM EDT)

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