Large Inflow of Money Witnessed in Synergy Resources Corporation

Synergy Resources Corporation (NYSEMKT:SYRG) : $0.85 million worth of transactions were on upticks in Synergy Resources Corporation (NYSEMKT:SYRG), compared to $0.65 million on downticks. The ratio between the two was 1.32, whereas, the net money flow stood at a healthy $0.2 million on Wednesdays session.The block trades show a bullish bias with only $0.09 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $0.01million worth of trades. The total money flow into the stock stood at $-0.09 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.6%. The stock was trading at $6.64, with a drop of $0.04 over the previous days close. The stock recorded -4.46% for the week.


In an insider trading activity, The director, of Synergy Resources Corp, Noffsinger Robert W Iii had unloaded 50,000 shares at $5.82 per share in a transaction on May 19, 2016. The total value of transaction was $291,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 4.4% of Synergy Resources Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -55.01% . Institutional Investors own 58.53% of Synergy Resources Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -58.47%.

The company shares have dropped -38.21% from its 1 Year high price. On Oct 7, 2015, the shares registered one year high at $12.24 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $6.37 and the 200 Day Moving Average price is recorded at $6.96. Synergy Resources Corporation (NYSEMKT:SYRG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.75 and $6.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.89, notching a gain of 3.14% for the day. The total traded volume was 4,818,470 . The stock had closed at $6.68 on the previous day.

Synergy Resources Corporation is a shell company. The Company is an oil and natural gas company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in and around the Denver-Julesburg Basin (D-J Basin) of Colorado. The D-J Basin has hydrocarbon-bearing deposits in several formations, including the Niobrara, Codell, Greenhorn, Shannon, Sussex, J-Sand and D-Sand. Its drilling and completion activities are focused in the Wattenberg Field, an area that covers the western flank of the D-J Basin, in Weld County, Colorado. It is focused on the horizontal development of the Codell and Niobrara formations. The Company operates over 423 producing wells and participated as non-operators in approximately 159 producing wells. It has approximately 442,000 gross and 342,000 net acres under lease, all of which are located in the greater D-J Basin. Its eastern Colorado mineral assets are located in Yuma and Washington counties.

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