Synergia Energy (LON:SYN) Trading Down 6% – Here’s Why

Shares of Synergia Energy Ltd (LON:SYNGet Free Report) traded down 6% during trading on Thursday . The stock traded as low as GBX 0.08 ($0.00) and last traded at GBX 0.08 ($0.00). 53,555,000 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 76,055,828 shares. The stock had previously closed at GBX 0.08 ($0.00).

Synergia Energy Trading Down 6.0 %

The company has a debt-to-equity ratio of 9.61, a quick ratio of 2.13 and a current ratio of 0.87. The company’s 50 day moving average price is GBX 0.09 and its 200 day moving average price is GBX 0.11. The company has a market cap of £8.30 million, a price-to-earnings ratio of 7.80 and a beta of 1.28.

Synergia Energy Company Profile

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Synergia Energy Ltd engages in the exploration for, appraisal, development, production, and sale of oil and gas. It holds 100% interest in the Cambay field located in the Cambay basin, onshore Gujarat, India. The company was formerly known as Oilex Ltd and changed its name to Synergia Energy Ltd in July 2022.

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