Permian Basin Royalty Trust (NYSE: PBT) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 5.37% on the day to $12.2.
Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, Devonian, and Waddell fields located in Crane County, Texas. As of December 31, 2021, the Waddell Ranch properties contained 268 net productive oil wells, 38 net productive gas wells, and 50 net injection wells.
So far today, approximately 38,961 shares of Permian Basin Royalty Trust have been exchanged, as compared to an average 30-day volume of 136.3k shares.
Permian Basin Royalty Trust share prices have moved between a 52-week high of $27.15 and a 52-week low of $10.95. The stock has moved -4.93% over the past week.
To learn more about Permian Basin Royalty Trust, visit the company’s website at https://www.pbt-permian.com.
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