Vår Energi AS (OTCMKTS:VARRY) Stock Price Down 1% – What’s Next?

Vår Energi AS (OTCMKTS:VARRY)’s share price dropped 1% during mid-day trading on Thursday . The stock traded as low as $9.68 and last traded at $9.68. Approximately 914 shares traded hands during trading, a decline of 96% from the average daily volume of 25,278 shares. The stock had previously closed at $9.78.

Vår Energi AS Stock Down 1.0%

The firm’s fifty day simple moving average is $8.77 and its two-hundred day simple moving average is $7.40.

About Vår Energi AS

Vår Energi AS is a Norway-based independent oil and gas exploration and production company listed on the OTC Markets (OTCMKTS: VARRY). Established in January 2018 through the merger of Eni Norge AS and Point Resources ASA, Vår Energi has rapidly become one of the largest operators on the Norwegian Continental Shelf. The company focuses on discovering, developing and producing hydrocarbons, with a portfolio that spans several prolific offshore fields.

The company’s operations are concentrated in the North Sea, the Norwegian Sea and the Barents Sea, where it holds interests in both operated and non-operated assets.