Synergia Energy (LON:SYN) Trading 12.2% Higher – Here’s Why

Synergia Energy Ltd (LON:SYN)’s share price rose 12.2% on Thursday . The stock traded as high as GBX 0.06 ($0.00) and last traded at GBX 0.06 ($0.00). Approximately 24,495,523 shares were traded during trading, a decline of 68% from the average daily volume of 75,381,969 shares. The stock had previously closed at GBX 0.05 ($0.00).

Synergia Energy Stock Down 3.9 %

The firm has a 50 day simple moving average of GBX 0.06 and a two-hundred day simple moving average of GBX 0.09. 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 stock has a market cap of £5.21 million, a P/E ratio of 4.90 and a beta of 1.28.

Synergia Energy Company Profile

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.