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TheStreet Wire

GMX Stock Hits New 52-Week Low (GMXR)

By TheStreet Wire 09/12/11 - 12:59 PM EDT

Find out if (GMXR) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- GMX Resources Inc (NYSE:GMXR) hit a new 52-week low Monday as it is currently trading at $2.36, below its previous 52-week low of $2.38 with 900,409 shares traded as of 12:34 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.

GMX has a market cap of $151.6 million and is part of the basic materials sector and energy industry. Shares are down 54% year to date as of the close of trading on Friday.

GMX Resources Inc. operates as an independent oil and natural gas exploration and production company primarily in the United States.

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TheStreet Ratings rates GMX as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity and generally disappointing historical performance in the stock itself. You can view the full GMX Ratings Report.

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