One of market movers on the Scottish capital market today is the share of SeaEnergy PLC (LON:SEA). As oppose to the more than a yearlong trend of share price sinking, SEA surged with almost 15% at the market opening today.
Company’s stock opened at £1.50 per share to explode to £1.72 in lower than the average trading volume.
Although today’s share performance of SEA is explained like an explosion on the Scottish capital market, it is good to mention that on the same last day of March last year the share price of SeaEnergy PLC has been £21.75. This means in absolute numbers that in one-year term the stock lost £20 of its value. Possibly, for some investors this fact is related to vast losses.
The decline in the oil prices has been blamed as one of reasons for these occurrences. Even the company made such a statement in a press release done on March 10, 2016. The news has been related to the SeaEnergy’s Trading and Working Capital. In this update SEA clearly suggested that the company has an urgent need in fresh capital although the positive long term projections for R2S software and services.
Only the future can say was this drowning collapse or signal for investors’ unwillingness to accept as fair the recent share price of SEA.
SeaEnergy PLC is an innovation-led offshore energy services business, based in Aberdeen, Scotland. SEA stock is listed on the London Stock Exchange’s AIM Market.
Company’s subsidiary Return To Scene offers R2S Visual Asset Management system. The photographic capturing and three dimensional modelling of oil & gas installations are linked to asset management databases for major international oil operators.
R2S Forensic is company’s interactive software system for enhanced planning, investigation and collaboration using visual imagery.