NEW YORK ( TheStreet) -- Shares of Mexco Energy Corporation (AMEX: MXC) have taken a tremendous swing upward. The stock is trading at $7.55 as of 10:35 a.m. ET, 20.5% above Tuesday's closing price of $6.27. Volume is at 13,370, 2.6 times the daily average of 5,200.

Mexco Energy has a market cap of $13.6 million and is part of the basic materials sector and energy industry. Shares are down 16.6% year to date as of the close of trading on Tuesday.

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 51.7, equal to the average energy industry P/E ratio 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 increase 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 also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Mexco Energy Ratings Report.

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