Serica Energy (OTCMKTS:SQZZF) Trading 17.5% Higher – Still a Buy?

Shares of Serica Energy plc (OTCMKTS:SQZZFGet Free Report) were up 17.5% during trading on Tuesday . The stock traded as high as $2.35 and last traded at $2.35. Approximately 179 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 390 shares. The stock had previously closed at $2.00.

Serica Energy Trading Up 17.5%

The business has a 50 day simple moving average of $2.18 and a two-hundred day simple moving average of $2.32.

Serica Energy Company Profile

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Serica Energy plc (OTCMKTS:SQZZF) is an independent oil and gas exploration and production company with a primary focus on assets in the United Kingdom Continental Shelf (UKCS) and a strategic interest in the Fortuna FLNG development in Equatorial Guinea. Founded in 2006 and listed on the London Stock Exchange in 2007, Serica has built a portfolio of interests in mature producing fields and growth opportunities. The company’s operating model centers on low-cost, infrastructure-led acquisitions and disciplined operational management.

Serica holds material stakes in several key North Sea assets.

Further Reading

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