Trecora Resources (TREC) had a rough trading day for Thursday November 01 as shares tumbled 9.54%, or a loss of $-1.03 per share, to close at $9.77. After opening the day at $10.68, shares of Trecora Resources traded as high as $10.68 and as low as $9.74. Volume was 70,571 shares over 567 trades, against an average daily volume of 31,313 shares and a total float of 24.49 million.
As a result of the decline, Trecora Resources now has a market cap of $239.23 million.
The stock has a P/E Ratio of 13.3.
Trecora Resources manufactures specialty petrochemical products and synthetic waxes. In addition, it also provides custom processing services. The majority of the company’s revenue is derived from its petrochemical offerings.
Trecora Resources is based out of Sugar Land, TX and has some 324 employees. Its CEO is Simon Upfill-Brown.
Trecora Resources is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.