MXC Stock Summary and Trading Ideas (Mexco Energy | AMEX:MXC)

Mexco Energy Corporation is an independent oil and gas company. It is engaged in the exploration, development, and production of natural gas and crude oil properties located in the United States. The company carried out its operation in the Permian Basin of West Texas. It is focusing on two primary areas, the Delaware Basin located in the Western portion of the Permian Basin including Lea and Eddy Counties, New Mexico and Loving County, Texas, and the Midland Basin located in the Eastern portion of the Permian Basin including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties, Texas. The company generates revenue from Oil sales, Natural gas sales, oil and gas royalty interests.

Mexco Energy trades on the AMEX stock market under the symbol MXC.

As of April 24, 2024, MXC stock price declined to $12.80 with 8,085 million shares trading.

MXC has a market cap of $26.84 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, MXC stock traded as high as $43.00 and as low as $6.91.

The top ETF exchange traded funds that MXC belongs to (by Net Assets): VTI, VXF, DFAT, DFAS.

MXC stock has underperformed the market in the last year with a return of +4.8%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MXC shares. However, MXC has outperformed the market in the last 3 month and 2 week periods, returning +31.2% and -2.6%, while SPY returned +4.6% and -2.7%, respectively. This indicates MXC has been having a stronger performance recently.

MXC support price is $12.08 and resistance is $13.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MXC stock will trade within this expected range on the day.