Hugoton Royalty Trust (OTCMKTS:HGTXU – Get Free Report)’s stock price rose 10.2% during trading on Monday . The company traded as high as $0.2060 and last traded at $0.2060. Approximately 137,310 shares traded hands during mid-day trading, an increase of 244% from the average daily volume of 39,942 shares. The stock had previously closed at $0.1870.
Hugoton Royalty Trust Price Performance
The business’s 50-day moving average is $0.23 and its 200 day moving average is $0.26.
About Hugoton Royalty Trust
Hugoton Royalty Trust (OTCMKTS:HGTXU) is a passive oil and gas royalty trust that holds specified overriding royalty interests in producing properties within the Hugoton natural gas field, one of North America’s largest conventional gas accumulations. The trust itself does not conduct exploration or development activities; instead, it collects and distributes a fixed percentage of production revenue generated by third?party operators on its interest acreage.
The primary assets of the trust cover acreage in the Hugoton Field spanning southwestern Kansas, the Texas Panhandle, and adjacent areas of Oklahoma.
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