Stifel Nicolaus lowered shares of GMX Resources (NASDAQ: GMXR) from a hold rating to a sell rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
GMX Resources (NASDAQ: GMXR) traded down 2.82% on Wednesday, hitting $3.10. GMX Resources has a 52-week low of $2.81 and a 52-week high of $4.00. The stock’s 50-day moving average is currently $3.. The company’s market cap is $19.0 million.
GMX Resources Inc. (NASDAQ: GMXR) is a pure play independent oil and natural gas exploration and production company.
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