Serica Energy (LON:SQZ) shares shot up 0% during mid-day trading on Thursday . The company traded as high as GBX 84.40 ($1.19) and last traded at GBX 83.80 ($1.18). 1,445,039 shares changed hands during mid-day trading, an increase of 185% from the average session volume of 506,230 shares. The stock had previously closed at GBX 83.80 ($1.18).
Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 110 ($1.55) price target on shares of Serica Energy in a research note on Tuesday.
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Serica Energy Company Profile
Serica Energy plc identifies, acquires, explores, and exploits oil and gas reserves in the United Kingdom, Ireland, Namibia, and Morocco. The company holds interests in offshore license blocks in the North Sea and East Irish Sea, the United Kingdom; the Atlantic Margin of Ireland; Morocco; and Namibia.
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