California Resources Corporation (CRC) Soars 6.04%

California Resources Corporation (CRC) Soars 6.04%

California Resources Corporation (CRC) had a good day on the market for Monday November 25 as shares jumped 6.04% to close at $6.50. About 3.24 million shares traded hands on 15,225 trades for the day, compared with an average daily volume of n/a shares out of a total float of 49.12 million. After opening the trading day at $6.10, shares of California Resources Corporation stayed within a range of $6.59 to $6.05.

With today’s gains, California Resources Corporation now has a market cap of $319.27 million. Shares of California Resources Corporation have been trading within a range of $30.18 and $4.68 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

California Resources produces oil and natural gas in California. At the end of 2018, the company reported net proved reserves of 618 million barrels of oil equivalent. Net production averaged 132 thousand barrels of oil equivalent per day in 2018 at a ratio of 75% oil and natural gas liquids and 25% natural gas.

California Resources Corporation is based out of Santa Clarita, CA and has some 1,500 employees. Its CEO is Todd A. Stevens.

California Resources Corporation is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

Share:
error: Content is protected !!