Serica Energy (OTCMKTS:SQZZF) Stock Price Down 20.6% – Here’s Why

Shares of Serica Energy plc (OTCMKTS:SQZZFGet Free Report) were down 20.6% during mid-day trading on Wednesday . The company traded as low as $2.70 and last traded at $2.70. Approximately 200 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 4,006 shares. The stock had previously closed at $3.40.

Serica Energy Stock Down 20.6%

The firm has a fifty day moving average price of $2.82 and a 200-day moving average price of $2.91.

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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