AusTex Oil rallies on bullish article mention

|About: AusTex Oil Limited ADR (ATXDY)|By:, SA News Editor

Underfollowed AusTex Oil (ATXDY) closes the day with an 18% gain.

The shares are up some 28.5% since SA Pro contributor Josh Young penned a bullish piece on the company last week.

According to Young, the company's shares "trade at a large discount to its proved reserve value [and] to comparable companies on a production valuation basis."