Serinus Energy (LON:SENX) Shares Down 8.5% – Time to Sell?

Serinus Energy plc (LON:SENX)’s share price was down 8.5% on Thursday . The stock traded as low as GBX 3.50 ($0.05) and last traded at GBX 3.66 ($0.05). Approximately 398,731 shares traded hands during mid-day trading, an increase of 42% from the average daily volume of 280,240 shares. The stock had previously closed at GBX 4 ($0.05).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of Serinus Energy in a report on Monday, August 12th.

Serinus Energy Stock Performance

The company has a fifty day moving average price of GBX 2.79 and a two-hundred day moving average price of GBX 2.67. The firm has a market cap of £3.92 million, a price-to-earnings ratio of -50.00 and a beta of -0.63. The company has a debt-to-equity ratio of 3.75, a current ratio of 0.72 and a quick ratio of 0.96.

Serinus Energy Company Profile

Serinus Energy plc, together with its subsidiaries, engages in the exploration and development of oil and gas properties in Tunisia and Romania. It owns a 100% deemed working interest in the Satu Mare concession covering an area of approximately 729,000 gross acres situated within the Pannonian Basin, Romania.