Altex Industries Inc. Overview

Altex Industries, Inc., a company operating within the energy sector, specifically in the oil, gas, and consumable fuels industry, has been actively involved in the ownership and management of onshore oil and gas properties. The company’s operations include buying and selling producing oil and gas properties and participating in the drilling of exploratory and development wells.

Financial Snapshot

As of August 6, 2025, Altex Industries Inc. is listed on the OTC Bulletin Board with a close price of $0.37 per share. The company’s stock has experienced significant fluctuations over the past year, reaching a 52-week high of $0.48 on June 17, 2025, and a 52-week low of $0.198 on September 29, 2024. The market capitalization of Altex Industries stands at $3,200,000 USD, reflecting its current valuation in the market.

Earnings and Valuation

The price-to-earnings (P/E) ratio for Altex Industries is 11.577, indicating the company’s earnings relative to its share price. This metric provides investors with insight into the company’s profitability and market expectations.

Operational Focus

Altex Industries, Inc. primarily focuses on the acquisition and management of onshore oil and gas properties. The company’s strategic activities include the purchase and sale of producing properties and involvement in the drilling of both exploratory and development wells. These operations are central to Altex Industries’ business model and its efforts to capitalize on opportunities within the energy sector.

Conclusion

Altex Industries Inc. continues to navigate the dynamic energy market through its strategic focus on onshore oil and gas properties. With a market cap of $3.2 million and a P/E ratio of 11.577, the company remains a notable player in the oil, gas, and consumable fuels industry. Investors and stakeholders will be closely monitoring its performance and strategic initiatives in the coming months.