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 January 15, 2016 - 11:33 AM EST
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Ring Energy Inc (REI) is Trading Lower on Unusual Volume for January 15

Ring Energy Inc (REI) experienced unusually high volume on Jan. 15, as the stock lost 9.87% to a closing price of $4.43. The stock saw 204,734 shares trade hands over the course of the day on 1,153 trades. Given that the stock’s average daily volume over the last month has been 131,891 shares a day, this represents a pretty substantial spike over the norm.

Ring Energy Inc has a P/B ratio of 0.7. It also has a P/E ratio of 98.4. The stock has traded between $13.41 and $4.82 over the last 52-weeks, its 50-day SMA is now $8.30, and its 200-day SMA $10.06.

Ring Energy Inc is a Midland-based exploration and production company that is engaged in oil and natural gas acquisition, exploration, development and production activities. Its exploration and production interests are in Texas and Kansas.

Headquartered in Midland, TX, Ring Energy Inc has 22 employees and is currently under the leadership of CEO Kelly Hoffman.

For a complete fundamental analysis analysis of Ring Energy Inc, check out’s Stock Valuation Analysis report for REI. To see the latest independent stock recommendations from’s analysts, visit our Research section.


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For more news on the financial markets, go to Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

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

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

Source: News (January 15, 2016 - 11:33 AM EST)

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