Altex Industries was incorporated in 1985 and is based in Denver, Colorado. The company operates as a minimal-footprint oil and gas holding entity with a single full-time employee, maintaining a passive portfolio approach focused on modest reserve holdings in the Rocky Mountain region. The company is covered by 0 analysts, with no analyst submissions of revenue or earnings estimates.
Cyborg Score Rationale
Altex operates as a micro-cap holding company with minimal operational activity, negligible reserve base (1,300 barrels), and a single employee. The company lacks analyst coverage, has demonstrated declining volatility profile, and shows limited liquidity on OTC markets with a market cap below $3 million. Strategic positioning is weak due to dependency on third-party operators and exposure to commodity price volatility.
Top Insights
Holds only 1,300 barrels of developed oil reserves with a 4.4% override in the Glo Field in Campbell County, Wyoming—minimal production capacity
Single-employee structure reflects passive holding company model with reliance on third-party operators for all field operations
Market cap of ~$2.8 million and OTC listing indicates illiquidity and negligible institutional interest
No analyst coverage and minimal financial disclosure activity suggest the company operates below institutional research thresholds
Named Competitors
Spindletop Oil & Gas — Small-cap independent oil & gas producer
FEC Resources — Micro-cap oil & gas exploration company
American Noble Gas — Small independent oil & gas operator
Recent Developments
(May 2026) Weekly stock volatility increased from 27% to 38% over prior 12 months, indicating elevated trading risk
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