U.S. Energy Stock Gaps Down On Today's Open (USEG)
Shares of U.S. Energy Corp (Nasdaq:USEG) were gapping down Monday morning with an open price 15% lower than Friday's closing price. The stock closed at $3.54 yesterday and opened today's trading at $3.01.
NEW YORK ( TheStreet) -- Shares of U.S. Energy Corp (Nasdaq: USEG) were gapping down Monday morning with an open price 15% lower than Friday's closing price. The stock closed at $3.54 Friday and opened today's trading at $3.01. The average volume for U.S. Energy has been 185,700 shares per day over the past 30 days. U.S. Energy has a market cap of $100.9 million and is part of the basic materials sector and energy industry. Shares are down 41.8% year to date as of the close of trading on Friday. U.S. Energy Corp. engages in the acquisition, exploration, holding, sale, and/or development of mineral properties. It primarily explores for molybdenum, and other base and precious metals. TheStreet Ratings rates U.S. Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full U.S. Energy Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.