On 4/15/24, Mexco Energy Corp (NYSEAMERICAN: MXC) stock enjoyed a major increase of 16.2%, closing at $16.38. Moreover, this advance was accompanied by exceptionally high trading volume at 511% of normal. Relative to the market the stock has been weak over the last nine months but has risen 24.5% during the last week.
Current PriceTarget Research Rating
MXC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Mexco Energy has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Mexco Energy has a good Appreciation Score of 82 but a poor Power Rating of 23, with the Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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