Sandridge Mississippian Trust I (NYSE:SDT) Shares Down 15.8%
Shares of Sandridge Mississippian Trust I (NYSE:SDT) were down 15.8% during mid-day trading on Tuesday . The company traded as low as $0.16 and last traded at $0.16, approximately 61,699 shares traded hands during mid-day trading. A decline of 71% from the average daily volume of 209,554 shares. The stock had previously closed at $0.19.
The company has a market cap of $4.48 million, a price-to-earnings ratio of 1.10 and a beta of 0.94. The business’s 50 day moving average price is $0.17 and its 200-day moving average price is $0.17.
About Sandridge Mississippian Trust I (NYSE:SDT)
SandRidge Mississippian Trust I, a statutory trust, holds royalty interests in specified oil and natural gas properties located in the Mississippian formation in Alfalfa, Garfield, Grant, and Woods counties in Oklahoma. As of December 31, 2017, the company's properties comprised royalty interests in the initial wells; and 121 additional wells that were drilled and perforated by the company.
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