GMX Resources Shares Climb 13.2% (GMXR)

Shares of GMX Resources, Inc. GMXR are currently up 13.2% at $6.25 per share during Monday afternoon trading. Today's trading range for shares of GMX Resources, Inc has been between $5.60 and $6.45 per share. The consensus price target of analysts covering the company's stock is $6.54 per share. Volume of 1.9 million shares is already nearly double the daily average volume of 1.1 million shares. GMX Resources, Inc. (GMXR) is a 'Pure Play', E&P company with operations in East Texas focused on Haynesville/Bossier (H/B) Horizontal Shale and Cotton Valley Sand (CVS) development. The company believes multiple resource layers across the company's East Texas property base provide a robust inventory for high probability, repeatable, organic growth and contain 262 net H/B Hz undrilled locations and 1,092 net CVS un-drilled locations. Read more from Benzinga's Company news.