Synergy Stock Soars (SYRG)

NEW YORK ( TheStreet) -- Shares of Synergy Resources Corporation (AMEX: SYRG) have taken a tremendous swing upward. The stock is trading at $3.57 as of 12 p.m. ET, 21% above Monday's closing price of $2.95. Volume is at 171,935, 7.7 times the daily average of 22,400.

Synergy has a market cap of $103.2 million and is part of the basic materials sector and energy industry. Shares are up 3.5% year to date as of the close of trading on Monday.

Synergy Resources Corporation engages in the acquisition, exploitation, exploration, development, and production of oil and natural gas properties primarily located in the Wattenberg field in Denver-Julesburg Basin in northeast Colorado.

TheStreet Ratings rates Synergy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Synergy Ratings Report.

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