Permian Basin Royalty Trust stock is down -10.85% since 30 days ago. The company has had below-average volume in the last 30 days. Its seasonality going into this month shows a chance of a red month, as 34.09% of the previous 43 November’s closed higher than October.
Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties. Its Texas Royalty properties comprised approximately 125 separate royalty interests containing approximately 51,000 net producing acres.