Primeenergy Resources Corp insider sells shares worth $496,942

Published 18/01/2025, 00:34
Primeenergy Resources Corp insider sells shares worth $496,942

Robert de Rothschild, a ten percent owner of PrimeEnergy Resources Corp (NASDAQ:PNRG), recently sold 2,311 shares of the company. The transaction, which took place on January 15, 2025, was executed at a weighted average price of $215.0336 per share, totaling approximately $496,942. The sale comes as PNRG, currently valued at $368 million, trades at an attractive P/E ratio of 6.4x and has delivered an impressive 116% return over the past year. According to InvestingPro, the company maintains a "GREAT" financial health score of 3.4 out of 5.

The shares were sold in multiple transactions at prices ranging from $213.00 to $218.252. Following this sale, de Rothschild holds 259,011 shares indirectly, through Amrace Inc., with a disclaimer of beneficial ownership except for his pecuniary interest. InvestingPro subscribers can access 7 additional key insights about PNRG, including detailed analysis of its strong momentum with a 78% gain over the past six months.

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