In recent trading activity, Tammy McComic, the president of Mexco Energy Corp (AMEX:MXC), engaged in multiple transactions involving the company's stock. On two separate days, McComic sold a total number of 2000 shares of Mexco Energy Corp, with the total value surpassing $26,000.
The sales occurred on April 8 and April 9, 2024, with prices for the shares ranging between $13.13 and $13.35. On April 8, McComic sold 500 shares at $13.26 each, and the following day, sold an additional 700 shares at $13.34, and 200 shares at $13.35. Additionally, 600 shares were sold at $13.13. These sales resulted in a total transaction value of $26,516.
In addition to the sales, McComic also acquired shares through option exercises on the same dates. On April 8, 500 shares were acquired at a price of $7.00 per share, and on April 9, another 1500 shares were acquired at the same price, totaling $14,000 for the buy transactions.
Following these transactions, McComic's direct beneficial holdings in Mexco Energy Corp include 69,965 shares. This figure also accounts for vested options to acquire shares at various prices as detailed in the footnotes of the filing.
Investors often monitor the buying and selling activities of company insiders like McComic for insights into the performance and prospects of the company. These transactions are reported to the Securities and Exchange Commission and can be indicators of how insiders perceive the company's future.
InvestingPro Insights
As Mexco Energy Corp (AMEX:MXC) sees activity from its president Tammy McComic, investors are considering the company's financial health and future prospects. According to InvestingPro data, the company's P/E Ratio (Adjusted) as of the last twelve months ending Q3 2024 stands at 10.63, which may be appealing to value investors looking for potentially undervalued stocks. Additionally, Mexco Energy Corp maintains a strong Gross Profit Margin of 77.83%, reflecting its ability to retain a significant portion of revenue as gross profit.
Looking at the company's performance, Mexco Energy Corp has delivered a robust 1 Month Price Total Return of 33.98%, which aligns with the InvestingPro Tip highlighting the company's strong return over the last month. This recent uptick in share price could be a response to the company's financial stability, as suggested by another InvestingPro Tip that points out Mexco Energy Corp's liquid assets exceed its short-term obligations, indicating a solid position to cover immediate liabilities.
For investors seeking a deeper dive into Mexco Energy Corp's financials and performance metrics, InvestingPro offers additional tips that could provide further insights. There are currently 7 more InvestingPro Tips available for MXC, which investors can explore by visiting https://www.investing.com/pro/MXC. To enhance your investing strategy with these insights, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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