Shares of Karoon Energy Ltd (OTCMKTS:KRNGF – Get Free Report) were up 11.4% on Thursday . The company traded as high as $1.41 and last traded at $1.37. Approximately 600 shares changed hands during trading, a decline of 80% from the average daily volume of 3,007 shares. The stock had previously closed at $1.23.
Karoon Energy Stock Performance
The stock’s 50 day moving average is $1.22 and its two-hundred day moving average is $1.36.
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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