Shares of Synergy Resources Corporation (SYRG) Drops by -3.42%

Synergy Resources Corporation (SYRG) : During the past 4 weeks, traders have been relatively bearish on Synergy Resources Corporation (SYRG), hence the stock is down -13.14% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.84% relative to the S&P 500. The 4-week change in the price of the stock is -9.34% and the stock has fallen -3.42% in the past 1 week. The stock has recorded a 20-day Moving Average of 5.25% and the 50-Day Moving Average is 1.34%.

Synergy Resources Corporation (NYSEMKT:SYRG): The stock was completely flat for the day, closing at $6.50 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $6.60, the stock touched an intraday high of $6.65 and a low of $6.36. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $6.50. The total trading volume on Friday was 2,934,938.


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 -35.72% . Institutional Investors own 58.55% of Synergy Resources Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -58.47%. In a related news, Noffsinger Robert W Iii, director of Synergy Resources Corp, unloaded 50,000 shares at an average price of $5.82 on May 19, 2016. The total amount of the transaction was worth $291,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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