Key Points
- Director Joseph Salvucci Jr. purchased 30,000 shares at $0.41 on November 26 for $12,300, increasing his holdings to 347,784 shares (a 9.44% rise), as disclosed in an SEC filing.
- Two Sigma boosted its stake by 574.4% in Q3 to 194,560 shares (about 0.52% of the company, ~$95,000), and institutional/hedge funds now own 33.51% of EON Resources.
- The stock recently traded at $0.43 (up $0.03) on volume of 820,568 versus an average of ~1.53M, with a 50-day/200-day moving average of $0.49/$0.42, a one-year range of $0.27–$1.90, and weak short-term liquidity (quick and current ratios of 0.35).
EON Resources Inc. (NYSEAMERICAN:EONR - Get Free Report) Director Joseph Salvucci, Jr. bought 30,000 shares of the company's stock in a transaction that occurred on Wednesday, November 26th. The stock was acquired at an average cost of $0.41 per share, for a total transaction of $12,300.00. Following the acquisition, the director directly owned 347,784 shares of the company's stock, valued at $142,591.44. The trade was a 9.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
EON Resources Price Performance
NYSEAMERICAN EONR traded up $0.03 during trading on Thursday, reaching $0.43. 820,568 shares of the company's stock were exchanged, compared to its average volume of 1,526,424. The company has a 50 day moving average price of $0.49 and a two-hundred day moving average price of $0.42. EON Resources Inc. has a 1 year low of $0.27 and a 1 year high of $1.90. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.07.
Hedge Funds Weigh In On EON Resources
A hedge fund recently raised its stake in EON Resources stock. Two Sigma Investments LP raised its stake in EON Resources Inc. (NYSEAMERICAN:EONR - Free Report) by 574.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 194,560 shares of the company's stock after purchasing an additional 165,709 shares during the period. Two Sigma Investments LP owned 0.52% of EON Resources worth $95,000 as of its most recent SEC filing. 33.51% of the stock is owned by institutional investors and hedge funds.
EON Resources Company Profile
(
Get Free Report)
EON Resources Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and production of oil and natural gas properties in the Permian Basin. It holds a 100% working interest in the property that consists of 343 wells producing oil and gas, as well as 207 injection wells covering an area of approximately 13,700 contiguous acres.
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