Karoon Energy (OTCMKTS:KRNGF) Shares Down 3.1%

Karoon Energy Ltd (OTCMKTS:KRNGFGet Free Report)’s share price dropped 3.1% during mid-day trading on Tuesday . The stock traded as low as $1.51 and last traded at $1.55. Approximately 6,801 shares traded hands during mid-day trading, an increase of 189% from the average daily volume of 2,351 shares. The stock had previously closed at $1.60.

Karoon Energy Stock Performance

The business’s 50-day moving average price is $1.58.

About Karoon Energy

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Karoon Energy Ltd operates as an oil and gas exploration and production company in Australia and Brazil. It holds 100% interest in the Santos Basin located in the State of Sáo Paulo, Brazil. The company was formerly known as Karoon Gas Australia Ltd and changed its name to Karoon Energy Ltd in December 2018.

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