Synergia Energy (LON:SYN) Shares Down 6% – Here’s What Happened

Synergia Energy Ltd (LON:SYNGet Free Report) dropped 6% on Thursday . The company traded as low as GBX 0.08 ($0.00) and last traded at GBX 0.08 ($0.00). Approximately 53,555,000 shares were traded during mid-day trading, a decline of 30% from the average daily 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 firm has a market capitalization of £8.30 million, a P/E ratio of 7.80 and a beta of 1.28. The firm has a 50 day moving average price of GBX 0.09 and a two-hundred day moving average price of GBX 0.11.

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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