Shares of development-stage energy company MMEX Resources Corporation (OTCPK: MMEX) closed at $0.0092 down -28.68% on Tuesday and remained trading in a range of $0.0091 to $0.0133 on the day.
Yet, MMEX stock surged over 4500.00% in the last month; with the average trading volume for the month exceeding 462.56M shares. During the last three months, MMEX stock has gained over 9200.00% while its average daily volume was 271.80M. The stock price has also grown by over 9200.00% in the last 12 months with a high of $0.0249 and a market cap of $138.45M.
Knowing about the company:
- MMEX Resources Corp is a company engaged in the exploration and development of mineral resources.
- Most of its energy projects in Texas, Peru, and other Latin American countries involve exploration and extraction of oil and gas, refining and distribution, and electric power production.
- MMEX intends to build crude oil refining facilities in West Texas’ Permian Basin.
- It will also focus on the operation of 10,000 barrels per day (bpd) distillation unit that produces non-transportation grade diesel for drilling frac fluids, in addition to residual fuel oil and naphtha which will be sold to other refiners.
Earlier this month, MMEX announced its plans to take advantage of solar energy to power multiple planned projects in Texas, which aim to produce hydrogen and ultra-low sulfur fuel with carbon dioxide capture.