Pegasi Energy Resources Corp (OTC:PGSI): Insights You Don't Want to Miss

Las Vegas, NV -- (SBWIRE) -- 02/25/2013 -- Pegasi Energy Resources Corp (OTC:PGSI) currently trading at $0.805 has been moving in an upward momentum since start of this year. The share price has found strong support at $0.46 in last one year while a strong resistance by traders has been seen at the price level of $1.05 in last 52 weeks.

The share price trades with average volume of 111,983 shares every day. Pegasi Energy Resources outstanding common stock accumulates up to 62.58 million shares out of which 25.08 million shares are floated in the stock market. Insiders hold almost 57.97 percent of its total outstanding common stock while minor proportion of 0.10 percent is held by different institutions.

The company is engaged in exploration, development and production of crude oil and natural gas in East Texas region. The company’s exploration properties are located in Cass and Marion Counties in Texas. Pegasi Energy also holds 80 percent of undivided interest in 40 mile natural gas pipeline and gathering system for transporting hydrocarbons.

To find out what OTCMAGIC projects for Pegasi Energy Resources Corp for both short term and long term please click here: PGSI

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