Mesa Royalty Trust (NYSE:MTR) Trading 4.7% Higher

Shares of Mesa Royalty Trust (NYSE:MTR) shot up 4.7% during mid-day trading on Monday . The company traded as high as $7.30 and last traded at $7.30, 83 shares changed hands during trading. A decline of 99% from the average session volume of 10,026 shares. The stock had previously closed at $6.97.

The stock has a 50 day moving average of $7.47 and a 200-day moving average of $9.22. The stock has a market capitalization of $12.96 million, a P/E ratio of 6.45 and a beta of 1.26.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, October 31st will be given a $0.037 dividend. This represents a $0.44 annualized dividend and a yield of 6.08%. The ex-dividend date is Wednesday, October 30th. This is an increase from Mesa Royalty Trust’s previous monthly dividend of $0.03.

About Mesa Royalty Trust (NYSE:MTR)

Mesa Royalty Trust owns net overriding royalty interests in various oil and gas producing properties in the United States. It has interests in properties located in the Hugoton field of Kansas; and the San Juan Basin field of New Mexico and Colorado. The company was founded in 1979 and is based in Houston, Texas.

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