Vår Energi AS (OTCMKTS:VARRY) Shares Down 11.5% – Here’s What Happened

Vår Energi AS (OTCMKTS:VARRYGet Free Report) was down 11.5% during trading on Monday . The company traded as low as $8.75 and last traded at $8.75. 1,276 shares were traded during trading, a decline of 93% from the average daily volume of 18,411 shares. The stock had previously closed at $9.89.

Vår Energi AS Price Performance

The firm has a 50-day moving average price of $9.54 and a 200 day moving average price of $9.05.

About Vår Energi AS

(Get Free Report)

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.

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