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GeoResources (Nasdaq:GEOI) hit a new 52-week high Tuesday as it is currently trading at $38.34, above its previous 52-week high of $38.25 with 86,308 shares traded as of 1:35 p.m. ET. Average volume has been 350,900 shares over the past 30 days.
Halcón Resources is buying GeoResources for $37.97 a share in a cash and stock offer.