Shares of Synergy Resources Corporation (SYRG) Sees Large Outflow of Money

Synergy Resources Corporation (SYRG) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($1.18 million) and the uptick to downtick ratio was 0.29. The transaction value on upticks was $0.49 million and on downticks, the transaction value was $1.67 million. The transaction value of block trades during downticks was $1.38 million. The money flow was negative ($1.38 million), indicating the traders were booking profit on the price strength. Synergy Resources Corporation (SYRG) rose $0.09 at $6.92, during intraday Monday , a rise of 1.32% over the previous days close.


Shares of Synergy Resources Corporation rose by 13.31% in the last five trading days and 10% for the last 4 weeks. Synergy Resources Corporation is up 19.37% in the last 3-month period. Year-to-Date the stock performance stands at -16.08%.

Synergy Resources Corporation (NYSEMKT:SYRG): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.87 and $6.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.15, notching a gain of 4.69% for the day. The total traded volume was 5,076,605 . The stock had closed at $6.83 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Synergy Resources Corp, Noffsinger Robert W Iii had sold 50,000 shares worth of $291,000 in a transaction dated May 19, 2016. In this transaction, 50,000 shares were sold at $5.82 per share.

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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