RAM Energy Stock Falls On Unusually High Volume (RAM)
RAM Energy Resources (Nasdaq:RAM) is trading at unusually high volume Tuesday with 4.9 million shares changing hands. It is currently at 5.5 times its average daily volume and trading down 8 cents (-2.6%).
NEW YORK ( TheStreet) -- RAM Energy Resources (Nasdaq: RAM) is trading at unusually high volume Tuesday with 4.9 million shares changing hands. It is currently at 5.5 times its average daily volume and trading down 8 cents (-2.6%) at $3.05 as of 1:40 p.m. ET. RAM Energy has a market cap of $246.7 million and is part of the basic materials sector and energy industry. Shares are up 70.1% year to date as of the close of trading on Friday. RAM Energy Resources, Inc., an independent oil and natural gas company, engages in the acquisition, development, exploitation, exploration, and production of oil and natural gas properties primarily in Texas, Louisiana, Oklahoma, New Mexico, and West Virginia. The company has a P/E ratio of 39.1, below the average energy industry P/E ratio of 44.7 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates RAM Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management and generally disappointing historical performance in the stock itself. You can view the full RAM Energy 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 falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
RAM Energy Resources (Nasdaq:RAM) hit a new 52-week high Tuesday as it is currently trading at $3.59, above its previous 52-week high of $3.45 with 459,888 shares traded as of 9:40 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.