GMX Resources Inc. (GMXR) CEO Ken L Jr Kenworthy buys 141,660 Shares

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May 15, 2009
CEO and President of GMX Resources Inc. (GMXR, Financial) Ken L Jr Kenworthy buys 141,660 shares of GMXR on 05/13/2009 at an average price of $12 a share.

GMX Resources is an independent natural gas producer. GMXR has interests in wells and acres in Texas Louisiana & New Mexico. GMXR also has a large inventory of development prospects in North Carthage Field of East Texas. The Company's strategy is to drill and complete CVS wells which could significantly grow production grow its natural gas reserves and build shareholder value. GMX Resources Inc. has a market cap of $242.5 million; its shares were traded at around $12.9 with a P/E ratio of 10 and P/S ratio of 1.9.

GMXR is in the portfolios of Ruane Cunniff of Ruane & Cunniff & Goldfarb Inc.

Recent Trades of GMX Resources Inc. by CEO:
  • Buy: CEO and President Ken L Jr Kenworthy bought 141,660 shares of GMXR stock on 05/13/2009 at the average price of $12; the price of the stock has increased by 7.5% since.





Recent Trades of GMX Resources Inc. by Directors and Officers:
  • Sell: 10% Owner Energy Partners Llc Centennial sold 36,393 shares of GMXR stock on 12/23/2008 at the average price of $23.79; the price of the stock has decreased by 45.78% since.