Penn Virginia Resource Rises On Unusually High Volume (PVR)
Penn Virginia Resource Partners (NYSE:PVR) is trading at unusually high volume Tuesday with 1.8 million shares changing hands. It is currently at four times its average daily volume and trading up $2.72 (+12.1%).
NEW YORK ( TheStreet) -- Penn Virginia Resource Partners (NYSE: PVR) is trading at unusually high volume Tuesday with 1.8 million shares changing hands. It is currently at four times its average daily volume and trading up $2.72 (+12.1%) at $25.08 as of 12:45 p.m. ET. Penn Virginia Resource has a market cap of $1.89 billion and is part of the basic materials sector and metals & mining industry. Shares are down 12.4% year to date as of the close of trading on Monday. Penn Virginia Resource Partners, L.P. engages in the management of coal and natural resource properties; and gathering and processing of natural gas in the United States. It operates in two segments, Coal and Natural Resource Management, and Natural Gas Midstream. The company has a P/E ratio of 15.7, below the average metals & mining industry P/E ratio of 18.6 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Penn Virginia Resource as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Penn Virginia Resource 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.