Synthesis Energy Systems Inc. (SYMX” target=”_new”>SYMX) was one of the weakest stocks in the basic materials sector of the NYSE and NASDAQ listed companies on September 22, skidding 5.3% to close the day at $1.25 after closing the day prior at $1.32. Throughout the day, shares of SYMX” target=”_new”>SYMX traded as high as $1.33 and as low as $1.25. Today’s decline came with about 139,387 shares changing hands, compared to an average 30-day volume of 189,813 for Synthesis Energy Systems Inc.. The price is currently below the 30-day volume weighted average price of $1.27 for SYMX” target=”_new”>SYMX.
The share depreciation gives the company a market capitalization of $114.79 million based upon 86.96 million shares outstanding. It also means that SYMX has a price-to-book ratio of 2.23:1.
In the past 52 weeks, shares of SYMX” target=”_new”>SYMX have traded as low as $0.4849 and as high as $1.45. Technical traders will take note that at $1.25, shares of SYMX” target=”_new”>SYMX are trading above their 200-day MA at $1.02 and above their 50-day MA at $1.16. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is SYMX?
Synthesis Energy Sys Inc is an energy and gasification technology company that provides proprietary gasification technology systems and solutions to the energy and chemical industries. The company’s 142 employees are led by CEO DeLome Fair from the corporate headquarters at Three Riverway in Houston, TX.
For more information on SYMX and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.
All data provided by QuoteMedia, with stock data accurate as of 4:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.
FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.