Abraxas Comments on Recent Market Conditions

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Go back to Abraxas Comments on Recent Market Conditions

Abraxas Petroleum (AXAS) Says Unaware of Fundamental Reason for Recent Trading Activity

July 23, 2015 11:24 AM EDT

Abraxas Petroleum (NASDAQ: AXAS) commented on recent market conditions.

Aside from weakness in the general commodity markets, Abraxas is unaware of any fundamental reason for the Companys recent stock price underperformance. Abraxas notes that the Company exited June 30, 2015 $108 million borrowed on the Companys $165... More