Karoon Energy (OTCMKTS:KRNGF) Trading 3.7% Higher – Time to Buy?

Karoon Energy Ltd (OTCMKTS:KRNGFGet Free Report)’s share price rose 3.7% during trading on Monday . The company traded as high as $1.02 and last traded at $0.94. 950 shares changed hands during trading, a decline of 79% from the average daily volume of 4,432 shares. The stock had previously closed at $0.91.

Karoon Energy Price Performance

The firm has a 50 day moving average of $0.88 and a two-hundred day moving average of $0.96.

Karoon Energy Company Profile

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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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