August 1, 2016 - 4:08 PM EDT
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Basic Materials Sector Feels Loss of 1.66% for Cimarex Energy Co (XEC) in Early Trading on August 1

Cimarex Energy Co (XEC) started the trading day on a down note, making it one of the worst performing stocks in the basic materials sector of NYSE and NASDAQ listed companies shortly after the opening bell on August 1. Shares of XEC have fallen 1.66% about 30 minutes into the session to $118.03 after closing the day prior at $120.02. It’s early, but the stock has traded as high as $118.97 and as low as $117.98 so far. Today's quick decline has come with about 15,083 shares changing hands, compared to an average 30-day volume of 858,278 for Cimarex Energy Co. The price is currently below the 30-day volume weighted average price of $118.56 for XEC. The share depreciation gives the company a market capitalization of $11.38 billion based upon 94.82 million shares outstanding. It also means that XEC has a price-to-book ratio of 4.35:1. In the past 52 weeks, shares of XEC have traded as low as $72.77 and as high as $124.905. Technical traders will take note that at $118.03, shares of XEC are trading above their 200-day MA at $104.61 and above their 50-day MA at $116.99. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish. Who is XEC? Cimarex Energy Co is an oil and gas exploration and production company with operations focused in two main areas: the Mid-Continent region and the Permian Basin. The company’s 925 employees are led by CEO Thomas E. Jorden from the corporate headquarters at 1700 Lincoln Street in Denver, CO. For more information on XEC and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit today. All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. is not responsible for inaccuracies in third-party supplied information. About is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.

Source: Financial Press News (August 1, 2016 - 4:08 PM EDT)

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