Cubic Energy Added to Russell 3000 Index
Cubic Energy announced the Company's recent inclusion into the Russell 3000 Index.
The Russell 3000 Index measures the performance of the largest 3000 public companies in the Unites States, and is reconstituted annually.
Calvin Wallen III, CEO for Cubic, said, "The Company's inclusion on the Index requires that certain Index Funds take a position in the common stock of the Company, and this contributed to the increased trading volume in our common stock experienced at the end of last week and on Monday. We expect this recent positive development, coupled with the planning and activities that have been underway and that are currently being undertaken by the Company, to bring a further benefit to the Shareholders of the Company."
- Wells Fargo Energy Investment Unit Sought Risky Deals, Faces Losses (Apr 13)
- Cubic Energy Extends Closing of Previous Purchase of Texas Assets (Jun 06)
- Cubic Reports Flow Rates for HZ Haynesville Wells (Jan 24)