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Paul D. McKinney, the CEO and Chairman of the Board of Ring Energy, Inc. (AMEX:REI), recently purchased 200,000 shares of the company’s common stock. The acquisition was made on March 10, 2025, at a weighted average price of $1.076 per share, amounting to a total transaction value of $215,200. The purchase price represents a significant discount to the stock’s current trading price of $404.01, with REI showing a positive YTD return of 1.37%. InvestingPro subscribers can access comprehensive insider trading analysis and over 30 additional premium insights for REI.
The shares were acquired in multiple transactions, with prices ranging from $1.06 to $1.08. Following this purchase, McKinney’s direct ownership in the company increased to 2,966,054 shares. This transaction highlights McKinney’s continued investment in Ring Energy, a company engaged in the crude petroleum and natural gas industry. The stock has demonstrated resilience, posting a 3.52% return over the past year while trading within a 52-week range of $350.08 to $445.42.
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