TX Rail Products (OTCMKTS:TXHG) Stock Price Down 12.6% – Here’s Why

TX Rail Products, Inc (OTCMKTS:TXHGGet Free Report) dropped 12.6% during mid-day trading on Friday . The company traded as low as $0.20 and last traded at $0.20. Approximately 81,907 shares traded hands during trading, an increase of 112% from the average daily volume of 38,602 shares. The stock had previously closed at $0.23.

TX Rail Products Stock Performance

The stock’s 50 day moving average price is $0.22 and its 200-day moving average price is $0.17.

TX Rail Products Company Profile

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TX Rail Products, Inc supplies, distributes, and sells drill bits, related tools, and other mining supplies and rail products to coal mining companies in the United States. It distributes and sells drill steel mining products, such as drill bit products and accessories used for hard and soft rock mining operations; tungsten carbide drill bits and augurs; and related accessories and tools.

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