In trading on Wednesday, shares of Permian Basin Royalty Trust (NYSE:PBT) crossed below their last reported book value — defined as common shareholder equity per share — of $5.00, changing hands as low as $4.96 per share. Permian Basin Royalty Trust shares are currently trading up about 0.6% on the day. The chart below shows the one year performance of PBT shares, versus its 50 and 200 day moving averages:
Looking at the chart above, PBT's low point in its 52 week range is $4.96 per share, with $9.27 as the 52 week high point — that compares with a last trade of $5.06.
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