MIDLAND, Texas, June 11, 2014 /PRNewswire/ -- Mexco Energy Corporation (NYSE MKT:MXC) ("the Company") today announced that in view of the unusual market activity in the Company's stock, the NYSE MKT ("the Exchange") has contacted the Company in accordance with its usual practice. The Company stated that its policy is not to comment on unusual market activity. Mexco Energy Corporation, a Colorado corporation, is an independent oil and gas company located in Midland, Texas engaged in the acquisition, exploration and development of oil and gas properties. For more information on Mexco Energy Corporation, go to www.mexcoenergy.com. In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, Mexco Energy Corporation cautions that statements in this press release which are forward-looking and which provide other than historical information involve risks and uncertainties that may impact the Company's actual results of operations. These risks include, but are not limited to, production variance from expectations, volatility of oil and gas prices, the need to develop and replace reserves, exploration risks, uncertainties about estimates of reserves, competition, government regulation, and mechanical and other inherit risks associated with oil and gas production. A discussion of these and other factors, including risks and uncertainties, is set forth in the Company's Form 10-K for the fiscal year ended March 31, 2013. Mexco Energy Corporation disclaims any intention or obligation to revise any forward-looking statements. SOURCE Mexco Energy Corporation
Shares of Mexco Energy Corporation (AMEX:MXC) have taken a tremendous swing upward. The stock is trading at $10.02 as of 10:19 a.m. ET, 20.4% above Friday's closing price of $8.32. Volume is at 26,300, 3.3 times the daily average of 7,900.
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.