SRC Energy (NYSEAMERICAN:SRCI) Trading Down 2.2% – Should You Sell?

SRC Energy Inc (NYSEAMERICAN:SRCI) shares were down 2.2% on Monday . The stock traded as low as $3.94 and last traded at $4.00. Approximately 20,975,300 shares traded hands during mid-day trading, an increase of 325% from the average daily volume of 4,932,878 shares. The stock had previously closed at $4.09.

SRC Energy Trading Down 2.2%

The business’s 50-day moving average price is $4.00 and its two-hundred day moving average price is $4.00.

SRC Energy Company Profile

SRC Energy is an independent upstream oil and natural gas company focused on the acquisition, exploration, development and production of unconventional resource plays in Colorado’s Niobrara core. Headquartered in Denver, Colorado, the company’s operations are concentrated in the Wattenberg Field within Weld County, where it has assembled a contiguous acreage position to support multi-well pad development and optimized drilling programs.

The company’s core activities span the full life cycle of onshore resource development, including geological and geophysical analysis, drilling and completion operations, production optimization and marketing of crude oil, natural gas and natural gas liquids.