SRC Energy (NYSEAMERICAN:SRCI) Trading Down 2.2% – Time to Sell?

SRC Energy Inc (NYSEAMERICAN:SRCI)’s share price dropped 2.2% on Monday . The company traded as low as $3.94 and last traded at $4.00. Approximately 20,975,300 shares were traded during mid-day trading, an increase of 325% from the average daily volume of 4,932,878 shares. The stock had previously closed at $4.09.

SRC Energy Stock Down 2.2%

The stock has a 50 day moving average price of $4.00 and a 200 day moving average price of $4.00.

About SRC Energy

SRC Energy is an independent upstream oil and natural gas company focused on the acquisition, exploration, development and production of unconventional resource plays in Colorado’s Niobrara core. Headquartered in Denver, Colorado, the company’s operations are concentrated in the Wattenberg Field within Weld County, where it has assembled a contiguous acreage position to support multi-well pad development and optimized drilling programs.

The company’s core activities span the full life cycle of onshore resource development, including geological and geophysical analysis, drilling and completion operations, production optimization and marketing of crude oil, natural gas and natural gas liquids.