LLEN Slumps to Fresh Session Lows

L&L Energy, Inc. (LLEN ) is plunging today. The ticker declined 7.1 percent to $9.35 and slipped more than 8 percent earlier, the most intraday since Dec. 3.

The equity is currently trying to push back up toward today’s mid-range as buyers continue and try to hold the current move back above the key $9.13 area. But despite the flow of bidders the stock is still acting weak on an intraday basis.

LLEN — currently trading below its 50-day MA of $9.91 and below its 200-day MA of $9.79 — has gained 58% year-to-date, and has been range-bound between $10.00 and mid $12.00 for the past several weeks. The stock trades with a mrq/ratio of 2.07, a trailing P/E of 6.65, and an EPS of $0.36. More than 1.5 million LLEN shares have already traded hands compared to a daily average of around 809,000.

In the past year, L&L Energy has hit a 52-week low of $5.75 and 52-week high of $14.91. Day’s range (as off 2:13 p.m. Est) $9.13 – $10.08

At last check, shares of LLEN were off $0.84 to $9.22, a loss of 8.35%.

Disclosure: No Position

About Ron Haruni 1033 Articles
Ron is the Co-Founder & Editor in Chief of Wall Street Pit. Web Site: Wall Street Pit

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