EnerJex Resources (ENRJ) Shares are Down -8.2%

EnerJex Resources (ENRJ) : During the past 4 weeks, traders have been relatively bearish on EnerJex Resources (ENRJ), hence the stock is down -12.08% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -8.76% relative to the S&P 500. The 4-week change in the price of the stock is -6.14% and the stock has fallen -8.2% in the past 1 week.

EnerJex Resources (NYSEMKT:ENRJ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.26 and $0.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.27, notching a gain of 8.88% for the day. The total traded volume was 914,929 . The stock had closed at $0.25 on the previous day.


The stock has recorded a 20-day Moving Average of 1.02% and the 50-Day Moving Average is 11.05%. EnerJex Resources, Inc. has dropped 6.14% during the last 3-month period . Year-to-Date the stock performance stands at -9.27%.

EnerJex Resources, Inc. (EnerJex) focuses to acquire, develop, explore and produce domestic onshore oil properties. EnerJexs operations are conducted through EnerJex Kansas, Inc. and Black Sable Energy, LLC, and the Companys leasehold interests are held in its wholly owned subsidiaries DD Energy, Inc., Black Sable Energy, LLC, Rantoul Partners, and Working Interest, LLC. As of December 31, 2011, the Companys business activities are focused in Eastern Kansas and South Texas. EnerJexs properties include Kansas Properties, which includes Mississippian Project, Rantoul Project and other, and Texas Properties, which include El Toro Project and Lonesome Dove Project. In October 2013, EnerJex Resources Inc completed its merger with Black Raven Energy Inc.

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