Serica Energy (OTCMKTS:SQZZF) Stock Price Down 7.5% – Here’s Why

Serica Energy plc (OTCMKTS:SQZZFGet Free Report) fell 7.5% on Thursday . The company traded as low as $3.10 and last traded at $3.10. 1,400 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 3,997 shares. The stock had previously closed at $3.35.

Serica Energy Stock Performance

The company has a 50 day moving average of $2.97 and a 200-day moving average of $3.06.

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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