FAR (OTCMKTS:FARYF) Shares Down 41.9% – Should You Sell?

FAR Limited (OTCMKTS:FARYFGet Free Report) was down 41.9% during mid-day trading on Tuesday . The company traded as low as $0.2380 and last traded at $0.2380. 145 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 802 shares. The stock had previously closed at $0.4096.

FAR Stock Performance

The company’s 50-day moving average price is $0.37 and its two-hundred day moving average price is $0.33.

About FAR

(Get Free Report)

FAR Ltd (OTCMKTS: FARYF) is an independent oil and gas exploration and production company with a strategic focus on offshore West Africa. The company’s principal assets are located in the Mauritania–Senegal Basin, where it holds equity interests in deepwater exploration blocks. Through partnerships with industry players, FAR participates in appraisal and development activities aimed at advancing discovered hydrocarbon resources toward commercial production.

Since its establishment in 2002, FAR has built a portfolio of exploration licences that encompass both contingent gas resources and exploration upside.

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