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Magnum Hunter Resources Inc. (MHR) CFO Ronald D Ormand buys 57,800 Shares
Posted by: gurufocus (IP Logged)
Date: November 9, 2009 04:19PM
CFO and Exe. VP of Magnum Hunter Resources Inc. (MHR) Ronald D Ormand buys 57,800 shares of MHR on 11/05/2009 at an average price of $1.73 a share.
Magnum Hunter Resources Corporation, formerly Petro Resources Corporation, is an independent oil and gas company engaged in the acquisition, drilling and production of oil and natural gas properties and prospects within the United States. The acquisition and exploration pursuits of oil and natural gas properties are located in Texas, Louisiana, North Dakota, New Mexico and Kentucky. The Company's drilling inventory includes prospects located in Texas, Louisiana, New Mexico, North Dakota and Kentucky. The company is based in Houston, Texas. Magnum Hunter Resources Inc. has a market cap of $72.64 million; its shares were traded at around $1.78 with and P/S ratio of 4.57.
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