Serica Energy (OTCMKTS:SQZZF) Stock Price Down 20.6% – Time to Sell?

Serica Energy plc (OTCMKTS:SQZZFGet Free Report)’s share price dropped 20.6% during trading on Wednesday . The company traded as low as $2.70 and last traded at $2.70. 200 shares were traded during trading, a decline of 95% from the average session volume of 4,006 shares. The stock had previously closed at $3.40.

Serica Energy Stock Performance

The stock’s 50 day moving average is $2.81 and its two-hundred day moving average is $2.92.

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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