Permianville Royalty Trust (NYSE:PVL) shares were up 12% on Friday . The stock traded as high as $0.91 and last traded at $0.91. Approximately 547,976 shares changed hands during trading, an increase of 118% from the average daily volume of 251,595 shares. The stock had previously closed at $0.81.
The stock has a market cap of $29.95 million, a P/E ratio of 3.03 and a beta of 1.63. The firm’s 50-day moving average is $0.76 and its two-hundred day moving average is $0.85.
About Permianville Royalty Trust (NYSE:PVL)
Permianville Royalty Trust operates a statutory trust. It owns a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in Texas, Louisiana, and New Mexico. The company was formerly known as Enduro Royalty Trust and changed its name to Permianville Royalty Trust in September 2018.
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