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Why the Magnum Hunter (NYSE: MHR) Stock Price Dropped 40% This Week
The oil price plunge has claimed another victim: the Magnum Hunter Resources Corp. (NYSE: MHR) stock price.
The MHR stock price sank roughly 40% Tuesday before trading was halted. Shares of the independent oil and gas company tumbled on news that shares will be delisted by the NYSE due to its stock price being "abnormally low."
MHR shares are currently changing hands at just $0.15, and bankruptcy looks likely....
The oil price plunge has claimed another victim: the Magnum Hunter Resources Corp. (NYSE: MHR) stock price.
The MHR stock price sank roughly 40% Tuesday before trading was halted. Shares of the independent oil and gas company tumbled on news that shares will be delisted by the NYSE due to its stock price being "abnormally low."
MHR shares are currently changing hands at just $0.15, and bankruptcy looks likely....