Serinus Energy (LON:SENX) Trading Up 9.5% – Time to Buy?

Serinus Energy plc (LON:SENX)’s share price rose 9.5% on Monday . The company traded as high as GBX 3.47 ($0.05) and last traded at GBX 3.47 ($0.05). Approximately 408,420 shares were traded during mid-day trading, an increase of 30% from the average daily volume of 314,881 shares. The stock had previously closed at GBX 3.17 ($0.04).

Analyst Upgrades and Downgrades

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

Serinus Energy Price Performance

The stock has a market capitalization of £3.89 million, a P/E ratio of -45.29 and a beta of -0.63. The business’s 50 day simple moving average is GBX 3.01 and its two-hundred day simple moving average is GBX 2.75. The company has a quick ratio of 0.96, a current ratio of 0.72 and a debt-to-equity ratio of 3.75.

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.