Karoon Energy Ltd (OTCMKTS:KRNGF – Get Free Report) was up 1.9% during mid-day trading on Wednesday . The stock traded as high as $1.07 and last traded at $1.07. Approximately 1,000 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 6,621 shares. The stock had previously closed at $1.05.
Karoon Energy Price Performance
The firm has a fifty day simple moving average of $1.08 and a two-hundred day simple moving average of $1.16.
About Karoon Energy
Karoon Energy is an Australian-based oil and gas exploration and production company with a strategic focus on deepwater offshore Brazil. Headquartered in Perth, the company maintains regional offices in Houston and Rio de Janeiro to support technical and commercial operations. Since its establishment in 2005, Karoon has transitioned from onshore Australian projects to build a high-potential portfolio in the prolific Santos and Campos basins.
The company’s flagship asset is its interest in the Sépia oil province in the Santos Basin, which commenced production in late 2020.
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