PHX Energy Services Corp (TSE:PHX)’s share price rose 2.8% during mid-day trading on Tuesday . The stock traded as high as C$2.15 and last traded at C$2.08. Approximately 59,288 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 98,298 shares. The stock had previously closed at C$2.14.

In other PHX Energy Services news, insider Jeffery John Shafer bought 18,500 shares of the company’s stock in a transaction on Monday, September 18th. The shares were bought at an average price of C$1.96 per share, for a total transaction of C$36,260.00. Also, insider John Michael Hooks bought 650,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were acquired at an average price of C$2.25 per share, for a total transaction of C$1,462,500.00. Insiders purchased a total of 806,500 shares of company stock worth $1,807,615 in the last 90 days.

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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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