Altex Industries (OTCMKTS:ALTX) Stock Price Up 2.4% – Time to Buy?

Altex Industries, Inc. (OTCMKTS:ALTXGet Free Report) shares rose 2.4% during mid-day trading on Tuesday . The stock traded as high as $0.30 and last traded at $0.30. Approximately 300 shares were traded during trading, a decline of 95% from the average daily volume of 5,855 shares. The stock had previously closed at $0.29.

Altex Industries Stock Performance

The company’s fifty day simple moving average is $0.25 and its 200 day simple moving average is $0.24. The firm has a market capitalization of $3.35 million, a P/E ratio of 7.38 and a beta of 0.23.

Altex Industries (OTCMKTS:ALTXGet Free Report) last announced its earnings results on Friday, July 26th. The company reported ($0.01) earnings per share (EPS) for the quarter. Altex Industries had a negative return on equity of 6.66% and a net margin of 2,013.64%.

About Altex Industries

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Altex Industries, Inc, through its subsidiary, Altex Oil Corporation, owns interests in productive onshore oil and gas properties located in Utah and Wyoming. The company was incorporated in 1985 and is based in Denver, Colorado.

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