Serinus Energy (LON:SENX) Stock Price Down 5.7%

Serinus Energy plc (LON:SENX)’s share price dropped 5.7% during trading on Friday . The company traded as low as GBX 2.30 ($0.03) and last traded at GBX 2.31 ($0.03). Approximately 302,000 shares traded hands during mid-day trading, an increase of 24% from the average daily volume of 244,162 shares. The stock had previously closed at GBX 2.45 ($0.03).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Serinus Energy in a research note on Monday, May 13th.

Serinus Energy Trading Down 4.1 %

The business has a fifty day moving average of GBX 2.52 and a 200-day moving average of GBX 2.63. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.96 and a current ratio of 0.67. The company has a market capitalization of £2.61 million, a P/E ratio of -29.38 and a beta of -0.66.

Insiders Place Their Bets

In related news, insider Jeffrey Auld sold 29,871 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of GBX 3 ($0.04), for a total value of £896.13 ($1,152.73). Corporate insiders own 4.01% of the company’s stock.

About Serinus Energy

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.