Hugoton Royalty Trust (OTCMKTS:HGTXU – Get Free Report)’s stock price traded up 2.2% during mid-day trading on Tuesday . The stock traded as high as $0.3150 and last traded at $0.3050. 23,605 shares changed hands during trading, a decline of 28% from the average session volume of 32,661 shares. The stock had previously closed at $0.2985.
Hugoton Royalty Trust Trading Up 2.2%
The stock’s 50-day moving average price is $0.31 and its 200 day moving average price is $0.36.
Hugoton Royalty Trust Company Profile
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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