Shares of Carnarvon Petroleum Limited (ASX:CVN) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.36 and traded as low as $0.32. Carnarvon Petroleum shares last traded at $0.32, with a volume of 4,492,882 shares.
The firm has a market cap of $499.97 million and a price-to-earnings ratio of -53.33. The stock’s fifty day moving average is A$0.36 and its two-hundred day moving average is A$0.43.
About Carnarvon Petroleum (ASX:CVN)
Carnarvon Petroleum Limited explores for, develops, and produces oil and gas in Australia. The company owns interests in the Phoenix project located in the Bedout Sub-basin within the greater Roebuck Basin; Buffalo project located in the Bonaparte Basin; and Labyrinth project located in the Roebuck Basin in the North West Shelf of Western Australia.
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