Why the Magnum Hunter (NYSE: MHR) Stock Price Dropped 40% This Week

The oil price plunge has claimed another victim: the Magnum Hunter Resources Corp. (NYSE: MHR) stock price. The MHR stock price sank roughly 40% Tuesday before trading was halted. Shares of the independent oil and gas company tumbled on news that shares will be delisted by the NYSE due to its stock price being "abnormally low." MHR shares are currently changing hands at just $0.15, and bankruptcy looks likely.... Tags: Magnum Hunter , Magnum Hunter Bankruptcy , Magnum Hunter stock , Magnum Hunter stock price , MHR shares , MHR stock , MHR stock price , NYSE: MHR To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why the Magnum Hunter (NYSE: MHR) Stock Price Dropped 40% This Week appeared first on Money Morning - We Make Investing Profitable .