Boston, MA 06/06/2013 (wallstreetpr) – The share prices of Harvest Natural Resources Inc. (NYSE:HNR) had gained 32.86 percent to close at $3.72 per share for the end of last trading session on Wednesday. The shares of the company had been trading in the range of $3.11 to $3.80 per share during the day. The shares of Harvest Natural Resources Inc. (NYSE:HNR) had recorded 52 week low price level of $2.45 per share and 52 week high price level of $10.83 per share.
Harvest Natural Resources Inc. (NYSE:HNR) is involved in exploration and production of petroleum and other related products. The company, with its focus on acquisition, testing, exploration, development and production in properties with proven active hydrocarbon systems, presently holds interests in the Bolivarian Republic of Venezuela.
Results for First Quarter
Harvest Natural Resources Inc. (NYSE:HNR) had announced the results for first quarter of fiscal year, 2013 in which it had reported a net income of $36.1 million which translates inot $0.91 per basic and diluted share, compared to a net loss of $1.0 million or $0.03 per share for the same quarter of previous year. This remarkable performance of the company in the first quarter had sent the shares to surge in prices with trading volumes at ten times the average.
Harvest Natural Resources Inc. (NYSE:HNR) witnessed the trade of 3.05 million shares on Wednesday, while the average trading volume is at 305,708 shares per day. The company presently holds 39.36 million shares outstanding in the market with an institutional ownership of 77 percent of its holdings.
