Orrön Energy AB (publ) (OTCMKTS:LNDNF) Stock Price Crosses Above 50-Day Moving Average of $1.35

Orrön Energy AB (publ) (OTCMKTS:LNDNFGet Rating)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.35 and traded as high as $2.40. Orrön Energy AB (publ) shares last traded at $2.40, with a volume of 924 shares trading hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their price objective on shares of Orrön Energy AB (publ) from SEK 378 to SEK 407 and gave the company a “neutral” rating in a research note on Monday, May 23rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $374.00.

Orrön Energy AB (publ) Stock Performance

The firm’s 50-day moving average is $1.35 and its 200-day moving average is $25.81.

Orrön Energy AB (publ) Company Profile

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Orrön Energy AB (publ) operates as an independent renewable energy company. It has wind and hydro assets in the Nordics, a wind farm in Finland, a hydropower plant in Norway, and a Karskruv wind farm in southern Sweden. The company was formerly known as Lundin Energy AB (publ) and changed its name to Orrön Energy AB (publ) in July 2022.

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