By Houston Business Journal

Management at Lucas Energy Inc. (NYSE: LEI) are in the dark about why the companyâ¿¿s stock has fluctuated by as much as 70 percent in recent days.

President and CEO William Sawyer responded in a statement on Friday to inquiries about recent stock activity.

In recent days, the stock has traded as low as $1.04 and as high as $1.80 per share. At mid-day Friday, the stock was trading at $1.42.

⿿I am hard-pressed to understand the current market prices that place our market cap so low. This has not happened since early 2009 when the overall market was bad and we were not known to the public,⿝ Sawyer said.

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