Serica Energy (LON:SQZ) Shares Cross Above Two Hundred Day Moving Average of $0.00
Serica Energy Plc (LON:SQZ) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $105.20. Serica Energy shares last traded at $103.60, with a volume of 229,706 shares changing hands.
Separately, Peel Hunt upped their price objective on shares of Serica Energy from GBX 159 ($2.08) to GBX 183 ($2.39) and gave the company a “buy” rating in a report on Thursday, August 8th.
The firm’s fifty day moving average price is GBX 115.67 and its two-hundred day moving average price is GBX 124.59. The stock has a market cap of $274.69 million and a price-to-earnings ratio of 3.84. The company has a debt-to-equity ratio of 11.39, a current ratio of 0.77 and a quick ratio of 0.73.
Serica Energy plc engages in the identification, acquisition, exploration, and exploitation of oil and gas reserves. The company holds exploration, development, and production assets in the United Kingdom, as well as exploration interests in the Atlantic margins offshore Ireland and Namibia; and an 18% non-operated interest in the Erskine field in the Central North Sea.
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