Karoon Energy Ltd (OTCMKTS:KRNGF – Get Free Report) shot up 2.6% during trading on Wednesday . The stock traded as high as $0.98 and last traded at $0.98. 2,000 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 4,100 shares. The stock had previously closed at $0.96.
Karoon Energy Stock Down 13.8 %
The business’s 50 day moving average price is $0.94 and its 200 day moving average price is $0.94.
About Karoon Energy
Karoon Energy Ltd operates as an oil and gas exploration and production company in Brazil, the United States, and Australia. It holds 100% interest in the Santos Basin located in the 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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