Magnum Hunter Resources Corp (NYSE:MHR) shares gained


Boston, MA, 06/28/2013 (financialstrend) – The share prices of Magnum Hunter Resources Corp (NYSE:MHR) had been traded in the price range of $3.50 and $3.76 per share on Thursday. The share price of the company had gradually advanced by 5.46 percent more than the previous day. The opening price is $3.52 per share. The share price of Magnum Hunter Resources Corp (NYSE:MHR) does not made any effect in the 52 week high value $5.24 per share and 52 week low value $2.37 per share.

Magnum Hunter Resources Corp (NYSE:MHR) is an individual gas and oil company engaged in the exploration for and the acquisition, exploitation, production and development of crude oil, natural gas liquids and natural gas primarily in the states of Ohio, Texas, Kentucky, West Virginia, and North Dakota and in Canada, Saskatchewan.

Magnum Hunter Resources Corp (NYSE:MHR) finally had given its annual report which is long-awaited. The report of the company was delayed due to the layoff of its auditor. The great tool is the document of the company for investors to get a good picture nicely. The next number to get to know is the PV- 10; a future net revenue as the present value of reserves are produced and gives investors baseline value which had been reported in Magnum Hunter Resources Corp (NYSE:MHR) at $753.4 million as of the end of last year.

The market capitalization value is nearly 620.66 million and institutional investors share’s value is about 62 percent. The Magnum Hunter Resources Corp (NYSE: MHR) had a trading volume as 3.56 million and the average volume as 3.96 million per day on Thursday. The company presently holds outstanding share values as 169.12 million on Thursday.