SRC Energy (NYSEAMERICAN:SRCI) Stock Falls 2.2% – Should You Sell?

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

SRC Energy Price Performance

The firm has a 50-day simple moving average of $4.00 and a 200 day simple moving average of $4.00.

SRC Energy Company Profile

SRC Energy Inc. was an independent oil and natural gas exploration and production company focused on developing domestic energy resources. Its products included crude oil, natural gas and natural gas liquids. The company’s operations were concentrated in Colorado’s Denver-Julesburg Basin, including the Wattenberg Field. SRC Energy was formerly known as Synergy Resources Corporation before adopting the SRC Energy name. SRC Energy ceased operating as a standalone public company after its acquisition by PDC Energy was completed in 2020.