Synergy Resources Corporation (SYRG) has risen sharply, recording gains of 3.35% in the past 4 weeks. However, the stock has corrected -2.85% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.49% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.05% and the 50-Day Moving Average is 2.79%.The 200 Day SMA reached 10.89%. Synergy Resources Corporation is up 4.35% in the last 3-month period. Year-to-Date the stock performance stands at -24.06%.
Synergy Resources Corporation (NYSEMKT:SYRG): After opening at $6.54, the stock dipped to an intraday low of $6.43 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $6.66 and the buying power remained strong till the end. The stock closed at $6.47 for the day, a gain of 0.94% for the day session. The total traded volume was 3,210,188. The stocks close on the previous trading day was $6.41.
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.