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MMEX Resources Corp. (OTCMKT:MMEX) Seasonal Chart

Seasonal Chart Analysis

Analysis of the MMEX Resources Corp. (OTCMKT:MMEX) seasonal charts above shows that a Buy Date of January 17 and a Sell Date of April 12 has resulted in a geometric average return of 45.01% above the benchmark rate of the S&P 500 Total Return Index over the past 12 years. This seasonal timeframe has shown positive results compared to the benchmark in 8 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 12 years by an average of 145.01% per year.

The seasonal timeframe correlates Very Well with the period of seasonal strength for the Energy sector, which runs from January 21 to May 9. The seasonal chart for the broad sector is available via the following link: Energy Sector Seasonal Chart.

MMEX Resources Corp is a resource development company. Principally, it is engaged in exploration, extraction, refining, and distribution of oil, gas, petroleum products and electric power projects in Texas, Peru, and other countries in Latin America. The company intends to build crude oil refining facilities in the Permian Basin in West Texas. It also focuses on operations of around 10,000 bpd distillation unit that will produce a non-transportation grade diesel for sale in the local market for drilling frac fluids, along with naphtha and residual fuel oil to be sold to other refiners.

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