SandRidge Permian Trust (NYSE:PER)’s share price rose 6.3% during mid-day trading on Friday . The stock traded as high as $2.55 and last traded at $2.53, with a volume of 190,061 shares traded. The stock had previously closed at $2.38.

Separately, Roth Capital reaffirmed a “buy” rating on shares of SandRidge Permian Trust in a research note on Tuesday, July 12th.

The company has a 50-day moving average of $2.48 and a 200 day moving average of $2.54. The stock has a market capitalization of $133.35 million and a P/E ratio of 2.11.

A hedge fund recently raised its stake in SandRidge Permian Trust stock. GSA Capital Partners LLP increased its stake in SandRidge Permian Trust (NYSE:PER) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 531,693 shares of the company’s stock after buying an additional 43,942 shares during the period. GSA Capital Partners LLP owned approximately 1.01% of SandRidge Permian Trust worth $1,579,000 as of its most recent filing with the SEC.

Sandridge Permian Trust is a statutory trust formed under the Delaware Statutory Trust Act pursuant to a trust agreement by and among SandRidge Energy, Inc (SandRidge), as Trustor, The Bank of New York Mellon Trust Company, N.A., as Trustee (the Trustee), and The Corporation Trust Company, as Delaware Trustee (the Delaware Trustee).

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