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Robert de Rothschild, a ten percent owner of PrimeEnergy Resources Corp (NASDAQ:PNRG), recently sold a significant portion of his shares in the company. According to a recent SEC filing, de Rothschild disposed of a total of 3,768 common shares over two transactions. The shares were sold at prices ranging from $212.00 to $219.7192, amounting to a total sale value of approximately $824,266. The sale comes amid PNRG’s impressive performance, with the stock delivering a 124% return over the past year and nearly doubling in the last six months. InvestingPro data shows the company maintains a healthy P/E ratio of 6.31 and has achieved remarkable revenue growth of 88% in the last twelve months.
Following these transactions, de Rothschild holds 253,000 shares indirectly, as noted in the filing. The shares are held by Amrace Inc., with de Rothschild disclaiming beneficial ownership except for his pecuniary interest. With a market capitalization of $357 million, PNRG has earned a "GREAT" financial health score on InvestingPro, which offers additional insights through 8 key ProTips about the company’s performance and outlook.
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