Mexco Energy Stock Soars (MXC)

NEW YORK (TheStreet) -- Shares of Mexco Energy Corporation (AMEX:MXC) have taken a tremendous swing upward. The stock is trading at $10.02 as of 10:19 a.m. ET, 20.4% above Friday's closing price of $8.32. Volume is at 26,300, 3.3 times the daily average of 7,900.

Mexco Energy has a market cap of $14.7 million and is part of the basic materials sector and energy industry. Shares are up 18.9% year to date as of the close of trading on Friday.

Mexco Energy Corporation engages in the acquisition, exploration, development, and production of oil and gas properties in the United States. It explores for natural gas, crude oil, and condensate and natural gas liquids. The company has a P/E ratio of 55.5, below the average energy industry P/E ratio of 55.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Mexco Energy as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Mexco Energy Ratings Report.

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