Boston, MA 06/18/2013 (wallstreetpr) – The share prices of Rex Energy Corporation (NASDAQ:REXX) had surged by 3.46 percent to close at $17.65 per share for the end of last trading session on Monday. The shares of the company had been trading in the range of $17.24 to $17.87 per share during the day. This recent surge in share prices had pushed Rex Energy Corporation (NASDAQ:REXX) to record new 52 week high price level at $17.87 per share and the 52 week low price level of the company is at $9.25 per share.
Rex Energy Corporation (NASDAQ:REXX) is primarily involved in the acquisition, ownership, exploration and development of oil and natural gas properties in the Appalachian Basin and the Illinois Basin. The independent oil and natural gas company focuses on Marcellus Shale drilling projects and Utica Shale and Upper Devonian Shale exploration activities in the Appalachian Basin. Further in the Illinois Basin, Rex Energy Corporation (NASDAQ:REXX) focuses on the enhanced oil recovery and conventional oil production in its properties.
Rex Energy Corporation (NASDAQ:REXX) had approximately operated 2117 wells including around 517 disposal and injection wells as on December 31, 2011. The shares of the oil and natural gas company had been surging to new high levels of prices in the recent days.
Rex Energy Corporation (NASDAQ:REXX) had witnessed the trade of 349,456 shares on Monday, while the average trading volume is at 468,968 shares per day. The company presently holds 53.23 million shares outstanding in the market with an institutional ownership of 93 percent of its holdings.
