Vår Energi AS (OTCMKTS:VARRY) Shares Gap Down – Time to Sell?

Vår Energi AS (OTCMKTS:VARRYGet Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $11.50, but opened at $10.80. Vår Energi AS shares last traded at $10.80, with a volume of 500 shares trading hands.

Vår Energi AS Trading Down 6.1%

The firm’s 50 day simple moving average is $10.26 and its two-hundred day simple moving average is $9.80.

Vår Energi AS Company Profile

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Vår Energi AS is a Norwegian independent oil and gas company focused on exploration, development and production activities on the Norwegian Continental Shelf. The company produces crude oil, natural gas and natural gas liquids from offshore fields and participates in the development of new petroleum resources.

Vår Energi was established in 2018 through the combination of Eni Norge and Point Resources. Its portfolio includes operated and non-operated interests in fields such as Goliat, Balder, Ringhorne and Johan Castberg, as well as exploration licenses and development projects in the Barents Sea, Norwegian Sea and North Sea.

Headquartered in Stavanger, Norway, the company’s operations are concentrated on the Norwegian Continental Shelf.

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