Dallas 12/27/2011 3:55:49 AM
News / Finance

Lucas Energy Shares Soar after Company Announces Commencement of Drilling of Hagen Ranch No.4H Well (LEI)

Shares of Lucas Energy Inc. (AMEX: LEI) soared in trading on Friday after the Houston, Texas-based company announced the commencement of drilling of Hagen Ranch No.4H Well in Gonzales County, Texas.

Lucas Energy shares rose to an intra-day high of $2.43 on Friday. The stock ended the day more than 8% higher on above average volume. The rally has pushed Lucas Energy shares above their 50-day moving average.

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