Marcellus Shale Asset Sale Sends REXX Shares Higher (REXX)

Rex Energy

To sell 30% share in Marcellus shale gas project to Sumitomo Corp for ¥17B - Nikkei News reports. Shares of Rex Energy are trading higher to the tune of 8% in early afternoon trading currently @11.07. Volume is on the heavy side also 790k vs 450k average. Options traders speculated on the September 10 calls, 1600 traded vs OI of 281.

52wk Range:5.60 - 15.39