September 8, 2016 - 2:17 PM EDT
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Isramco Inc. (ISRL) Climbs 5.75% Gain on September 7 to Lead Basic Materials Sector

Isramco Inc. (ISRL) was one of the best performers amongst all companies listed in the basic materials sector on the NYSE and NASDAQ exchanges during trading on September 7, climbing 5.75% to wrap the day at $85.0 after closing the day prior at $80.38. Throughout the trading session, shares of ISRL rose as high as $85.0 and dipped as low as $85.0. Today's advance came with about 311 shares changing hands, compared to an average 30-day volume of 881 for Isramco Inc.. The price is currently below the 30-day volume weighted average price of $85.0 for ISRL. The share appreciation today gives the company a market capitalization of $218.45 million based upon 2.72 million shares outstanding. It also means that ISRL has a price-to-book ratio of 67.13:1. In the past 52 weeks, shares of ISRL have traded as low as $70.5 and as high as $133.15. Technical traders will take note that at $85.0, shares of ISRL are trading below their 200-day MA at $85.31 and above their 50-day MA at $80.09. 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 above them is typically regarded as bullish. Who is ISRL? Isramco Inc is an independent oil and natural gas company, engaged in the exploration, development and production of predominately oil and natural gas properties located onshore in the United States and offshore Israel. The company’s 224 employees are led by CEO Haim Tsuff from the corporate headquarters at 2425 West Loop South in Houston, TX. For more information on ISRL 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 FinancialPress.com today. All data provided by QuoteMedia, with stock data accurate as of 4:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. About FinancialPress.com FinancialPress.com 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 (September 8, 2016 - 2:17 PM EDT)

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