Shares of Vår Energi AS (OTCMKTS:VARRY – Get Free Report) were up 6.3% during trading on Thursday . The company traded as high as $10.90 and last traded at $10.90. Approximately 900 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 18,058 shares. The stock had previously closed at $10.25.
Vår Energi AS Stock Performance
The firm’s 50-day simple moving average is $9.51 and its two-hundred day simple moving average is $9.21.
Vår Energi AS Company Profile
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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