Karoon Energy (OTCMKTS:KRNGF) Trading Down 18.3% – Should You Sell?

Karoon Energy Ltd (OTCMKTS:KRNGFGet Free Report)’s stock price fell 18.3% on Tuesday . The stock traded as low as $0.9232 and last traded at $0.9232. 2,000 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 7,050 shares. The stock had previously closed at $1.13.

Karoon Energy Trading Down 18.3%

The stock has a fifty day simple moving average of $1.10 and a 200-day simple moving average of $1.16.

About Karoon Energy

(Get Free Report)

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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