Miller Energy Resources (MILL) was one of the Russell 2000's biggest losers for September 2 as the stock slid 6.18% to $4.86, a loss of $0.32 per share. Starting at an opening price of $5.18 a share, the stock traded between $4.84 and $5.18 over the course of the trading day. Volume was 462,287 shares over 2,293 trades, against an average daily volume of 317,175 shares and a total float of 46,308,971.
The losses send Miller Energy Resources down to a market cap of $225,061,599. In the last year, Miller Energy Resources has traded between $8.97 and $4.40, and its 50-day SMA is currently $5.23 and 200-day SMA is $6.05.
For a full analysis of Miller Energy Resources, check out Equities.com's E.V.A. report.
Miller Energy Resources Inc operates as an exploration and production company that utilizes seismic data and other technologies for geophysical exploration and development of oil and gas wells.
Miller Energy Resources, led by CEO David M. Hall / Scott M. Boruff, has 84 employees and is headquartered in Knoxville, TN.
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.
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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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