Seeking Alpha

AusTex Oil rallies on bullish article mention

  • 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."
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