Karoon Energy Ltd (OTCMKTS:KRNGF – Get Free Report) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 515,454 shares, an increase of 876.3% from the June 30th total of 52,794 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 515.5 days.
Karoon Energy Stock Performance
Shares of OTCMKTS KRNGF opened at $1.07 on Friday. Karoon Energy has a 12-month low of $0.89 and a 12-month high of $1.61. The firm has a 50 day moving average of $1.17 and a 200 day moving average of $1.26.
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.
Featured Articles
- Five stocks we like better than Karoon Energy
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Receive News & Ratings for Karoon Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Karoon Energy and related companies with MarketBeat.com's FREE daily email newsletter.
