07:10 AM EST, 12/12/2024 (MT Newswires) -- PHX Minerals ( PHX ) said Thursday that its board of directors has launched a strategic review process to explore options for maximizing shareholder value, including a potential merger or sale.

PHX Minerals ( PHX ) said it has hired RBC Capital Markets as financial advisor to assist in the review process.

Shares of the company were up more than 7% in recent Thursday premarket activity.

Price: 4.14, Change: +0.29, Percent Change: +7.53