NEW YORK ( TheStreet) -- GeoResources (Nasdaq: GEOI) is trading at unusually high volume Friday with two million shares changing hands. It is currently at 4.6 times its average daily volume and trading up $1.08 (+4.3%) at $26.50 as of four p.m. ET. GeoResources has a market cap of $624.6 million and is part of the basic materials sector and energy industry. Shares are up 14.4% year to date as of the close of trading on Thursday. GeoResources, Inc., an independent oil and gas company, engages in the acquisition, development, production, and exploration of oil and gas reserves in the United States. The company has a P/E ratio of 21.2, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 15.6. TheStreet Ratings rates GeoResources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full GeoResources Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
GeoResources (Nasdaq:GEOI) hit a new 52-week high Tuesday as it is currently trading at $38.34, above its previous 52-week high of $38.25 with 86,308 shares traded as of 1:35 p.m. ET. Average volume has been 350,900 shares over the past 30 days.
GeoResources (Nasdaq:GEOI) hit a new 52-week high Friday as it is currently trading at $37.31, above its previous 52-week high of $37.17 with 802,609 shares traded as of 3:14 p.m. ET. Average volume has been 314,900 shares over the past 30 days.
Shares of GeoResources (Nasdaq:GEOI) were gapping up Wednesday morning with an open price 17.4% higher than Tuesday's closing price. The stock closed at $30.77 yesterday and opened today's trading at $36.13.