Primeenergy director Clint Harm sells shares value $650,843

Clint Harm, a director at PrimeEnergy Assets Corp (NASDAQ:PNRG), reported the sale of two,869 shares of the corporate’s frequent inventory over two transactions on the finish of December. The shares have been offered at costs starting from $223.00 to $234.09 per share, amounting to a complete transaction worth of $650,843. The gross sales occurred close to the inventory’s 52-week excessive of $243.49, with PNRG exhibiting exceptional energy by way of a 98% return over the previous 12 months. Based on InvestingPro evaluation, the corporate at present seems overvalued regardless of buying and selling at a P/E ratio of 6.4. Following these gross sales, Harm holds 137,894 shares straight and not directly by way of Clint Hurts and Associates, a privately managed firm. The $365 million market cap firm maintains a “GREAT” monetary well being rating, with InvestingPro subscribers gaining access to 6 further key insights about PNRG’s monetary place and progress prospects.

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