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September 27, 2020

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Stock Buzz: CNX Resources Corporation (NYSE:CNX)

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Shares of CNX Resources Corporation (NYSE:CNX) were transacted with a volume of 715271 shares in recent trading period as compared to its average volume of 2.23M shares over last three months period. The stock price scored -0.41% and valued at $15.85. Its 52 week price range is $ 11.69 – 18.37.

The price moved ahead 1.23% from the mean of 20 days, -4.01% from 50 and separated 2.46% from 200 days average price. Its price volatility for a month and for a week remained 2.54% 2.71% respectively. It noted beta of 1.04. Company’s price to sales ratio for last 12 months was 2.46 while its price to book ratio for the most recent quarter was 0.8 and its Market Cap valued at $3.44B.”

CNX Resources Corporation (NYSE:CNX) reported that it has closed on its previously announced agreement to sell substantially all its Ohio Utica Joint Venture Assets for approximately $400 million. This purchase price is subject to customary adjustments.

CNX Resources Corporation, an independent oil and natural gas company, explores for, develops, and produces natural gas in the Appalachian Basin. As of December 31, 2017, it had 7.6 trillion cubic feet equivalent of proved natural gas reserves. The company also owns, operates, and develops natural gas gathering and other midstream energy assets in the Marcellus Shale in Pennsylvania and West Virginia. In addition, it offers gas gathering and water delivery solutions, as well as land services to third-parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was incorporated in 1991 and is headquartered in Canonsburg, Pennsylvania.