Insider Selling: Ring Energy, Inc. (NYSEAMERICAN:REI) Major Shareholder Sells 95,782 Shares of Stock

Market Beat
2025.05.23 12:07
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Warburg Pincus (E&P) Xii Llc, a major shareholder of Ring Energy, Inc. (NYSEAMERICAN:REI), sold 95,782 shares at an average price of $0.80, totaling $76,625.60. This sale reduced their ownership by 0.36%, leaving them with 26,305,275 shares valued at approximately $21 million. The transaction was disclosed to the SEC. Recent sales by Warburg Pincus include 193,940 shares at $0.82 and 406,408 shares at $0.81. Ring Energy's stock opened at $0.75, with a market cap of $147.66 million and a PE ratio of 1.31.