Mayan Energy (LON:MYN) Trading 16.7% Higher – Still a Buy?

Mayan Energy Ltd (LON:MYNGet Free Report) shares were up 16.7% during mid-day trading on Tuesday . The company traded as high as GBX 0.15 ($0.00) and last traded at GBX 0.14 ($0.00). Approximately 16,096,226 shares changed hands during trading, an increase of 16% from the average daily volume of 13,897,712 shares. The stock had previously closed at GBX 0.12 ($0.00).

Mayan Energy Price Performance

The company has a market cap of £5.28 million and a price-to-earnings ratio of -0.23. The business’s 50-day simple moving average is GBX 0.14 and its 200-day simple moving average is GBX 0.14.

About Mayan Energy

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Mayan Energy Limited engages in the development, production, and sale of hydrocarbons and related activities in the United States. The company holds interests in Forest Hills project situated in Wood County, Texas; Stockdale oil fields located in Wilson County, Texas; Zink Ranch and Mathis leases situated in Osage County, Oklahoma; and Shoats Creek field located in Louisiana.

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