NEW YORK ( TheStreet) -- Shares of Saratoga Resources (AMEX: SARA) have taken a tremendous swing upward. The stock is trading at $5.68 as of 1:44 p.m. ET, 20.9% above Monday's closing price of $4.70. Volume is at 203,562, 7.7 times the daily average of 26,500.

Saratoga has a market cap of $121.6 million and is part of the basic materials sector and energy industry. Shares are unchanged year to date as of the close of trading on Monday.

Saratoga Resources, Inc., together with its subsidiaries, engages in the acquisition, exploitation, development, and production of crude oil and natural gas properties in the United States. The company has a P/E ratio of 13.2, below the average energy industry P/E ratio of 17.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Saratoga as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Saratoga Ratings Report.

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