PHX Energy Services (PHX) Shares Down 0.5%

Shares of PHX Energy Services Corp (TSE:PHX) fell 0.5% during trading on Tuesday . The stock traded as low as C$2.15 and last traded at C$2.16. 85,200 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 97,079 shares. The stock had previously closed at C$2.17.

In other news, insider Daniel Asa Blanchard purchased 28,650 shares of the stock in a transaction dated Friday, November 17th. The shares were bought at an average cost of C$2.15 per share, for a total transaction of C$61,597.50. Also, Director Myron Arthur Tetreault purchased 13,200 shares of the stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average price of C$2.01 per share, for a total transaction of C$26,532.00. Over the last 90 days, insiders purchased 123,000 shares of company stock worth $274,805.

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About PHX Energy Services

PHX Energy Services Corp. is a Canada-based company, which provides horizontal and directional drilling technology and services. The Company offers its services to oil and natural gas producing companies in the Canadian provinces of Alberta, Saskatchewan, British Columbia and Manitoba; across the Gulf Coast, Northeast and Rocky Mountain regions of the United States, and internationally, primarily in Albania and Russia.

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