Shares of MV Oil Trust (NYSE:MVO) traded at a new 52-week high today of $10.00. So far today approximately 254,000 shares have been exchanged, as compared to an average 30-day volume of 95,000 shares.
Potential upside of 2.1% exists for MV Oil Trust, based on a current level of $9.46 and analysts’ average consensus price target of $9.65.
In the past 52 weeks, MV Oil Trust share prices are bracketed by a low of $2.25 and a high of $10.00 and is now at $9.46, 320% above that low price.
MV Oil Trust is a statutory trust. Its underlying properties consist of MV Partners, LLC’s (MV Partners) net interests in all of its oil and natural gas properties, which are located in the Mid-Continent region in the States of Kansas and Colorado.
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