CKX Lands (NYSEAMERICAN:CKX) Stock Price Breaks Above Two Hundred Day Moving Average – Here’s Why

CKX Lands, Inc. (NYSEAMERICAN:CKX – Get Free Report)’s share price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $10.82 and traded as high as $24.74. CKX Lands shares last traded at $16.40, with a volume of 12,012,588 shares changing hands.

CKX Lands Price Performance

The stock has a 50-day moving average price of $10.95 and a 200-day moving average price of $10.86. The firm has a market capitalization of $32.37 million, a PE ratio of 12.65 and a beta of -0.10.

CKX Lands (NYSEAMERICAN:CKX – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.06 EPS for the quarter. CKX Lands had a return on equity of 13.95% and a net margin of 419.31%. The firm had revenue of $0.17 million during the quarter.

Hedge Funds Weigh In On CKX Lands

A hedge fund recently bought a new stake in CKX Lands stock. Vise Technologies Inc. purchased a new position in shares of CKX Lands, Inc. (NYSEAMERICAN:CKX – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,157 shares of the financial services provider’s stock, valued at approximately $180,000. Vise Technologies Inc. owned approximately 0.84% of CKX Lands at the end of the most recent quarter. Institutional investors own 16.13% of the company’s stock.

CKX Lands Company Profile

(Get Free Report)

CKX Lands, Inc. is a land and mineral rights holding company based in Louisiana. The company owns and manages surface acreage, mineral interests and other real estate assets, with its holdings concentrated primarily in southwestern Louisiana. CKX Lands generates income from leasing its mineral interests for oil and natural gas exploration and production, as well as from royalties associated with production on those properties. Its activities may also include timber sales, surface leases and recreational uses such as hunting and fishing, depending on the property.

Further Reading

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