Serica Energy (OTCMKTS:SQZZF) Trading Down 7.5% – Time to Sell?

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

Serica Energy Trading Up 18.4%

The stock has a fifty day simple moving average of $2.99 and a two-hundred day simple 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.

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