Karoon Energy Ltd (OTCMKTS:KRNGF – Get Free Report) shares dropped 15.1% on Friday . The company traded as low as $0.85 and last traded at $0.85. Approximately 4,000 shares changed hands during trading, a decline of 20% from the average daily volume of 5,014 shares. The stock had previously closed at $1.00.
Karoon Energy Price Performance
The firm has a 50-day moving average of $1.00 and a 200-day moving average of $1.08.
Karoon Energy Company Profile
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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