Serinus Energy ( (GB:SENX) ) has shared an update.
Serinus Energy announced that the Romanian fiscal authority, ANAF, missed the deadline to refund VAT as ordered by the Superior Court of Cassation and Justice of Romania. The court had ruled in favor of Serinus, ordering a refund of RON 8.32 million, but ANAF has not complied and instead imposed a solidarity tax claim on the company. This tax was previously ruled unconstitutional, and Serinus has initiated litigation against ANAF while exploring further legal actions to enforce the court’s decision.
Spark’s Take on GB:SENX Stock
According to Spark, TipRanks’ AI Analyst, GB:SENX is a Neutral.
Serinus Energy’s stock faces a challenging outlook with a low overall score. Financial difficulties, including declining revenues and persistent losses, significantly weigh on the score. While technical indicators show some positive momentum, valuation concerns and negative corporate events impact the overall assessment. A successful legal outcome provides some relief, but operational improvements are essential for a positive turnaround.
To see Spark’s full report on GB:SENX stock, click here.
More about Serinus Energy
Serinus Energy is an international upstream oil and gas exploration and production company with operations in Tunisia and Romania.
YTD Price Performance: 45.45%
Average Trading Volume: 325,043
Technical Sentiment Signal: Sell
Current Market Cap: £4.9M
For detailed information about SENX stock, go to TipRanks’ Stock Analysis page.