Scirocco Energy (LON:SCIR) Shares Up 6.7%

Scirocco Energy Plc (LON:SCIRGet Rating) was up 6.7% during trading on Thursday . The company traded as high as GBX 0.55 ($0.01) and last traded at GBX 0.51 ($0.01). Approximately 2,464,687 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 3,108,381 shares. The stock had previously closed at GBX 0.48 ($0.01).

The stock’s 50-day moving average is GBX 0.54 and its 200 day moving average is GBX 0.73. The stock has a market capitalization of £4.04 million and a PE ratio of -2.50.

About Scirocco Energy (LON:SCIR)

Scirocco Energy Plc acquires a portfolio of direct and indirect interests in exploration, development, and production oil and gas assets primarily in Europe, Africa, and the Americas. The company holds 25% interests in the Ruvuma Petroleum Sharing Agreement covering an area of approximately 3,447 square kilometers; 8.39% interests in the Kiliwani North Development License; and 4.29% interests in Helium One license located in Tanzania.

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