Mid-Con Energy Partners LP (MCEP) Boosts Basic Materials Sector with Early Advance of 4.96% on August 30

Mid-Con Energy Partners LP (MCEP) is one of the best performing stocks in the basic materials sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on August 30. Shares of MCEP have climbed 4.96% about 30 minutes into the session to $2.54 after closing the day prior at $2.42. It’s early, but the stock has traded as high as $2.54 and as low as $2.47 so far. Today's quick advance has come with about 17,300 shares changing hands, compared to an average 30-day volume of 268,278 for Mid-Con Energy Partners LP. The price is currently below the 30-day volume weighted average price of $2.53 for MCEP. The share appreciation gives the company a market capitalization of $72.39 million based upon 29.91 million shares outstanding. It also means that MCEP has a price-to-book ratio of 0.65:1 and a price-to-earnings ratio of :1. In the past 52 weeks, shares of MCEP have traded as low as $0.72 and as high as $4.05. Technical traders will take note that at $2.54, shares of MCEP are trading above their 200-day MA at $1.95 and above their 50-day MA at $2.06. 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 MCEP? Mid-Con Energy Partners LP owns, operates, acquires, exploits and develops oil and natural gas producing properties in North America. The Company's properties are located in the Mid-Continent region of the United States. The company’s 90 employees are led by CEO Jeffrey R. Olmstead from the corporate headquarters at 2501 North Harwood Street. For more information on MCEP 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 9:30 AM 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.