Lundin Energy AB (publ) (OTCMKTS:LNEGY) Trading 2.3% Higher – Time to Buy?

Shares of Lundin Energy AB (publ) (OTCMKTS:LNEGY) traded up 2.3% during mid-day trading on Monday . The stock traded as high as $42.50 and last traded at $42.50. 100 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 1,032 shares. The stock had previously closed at $41.55.

Lundin Energy AB (publ) Price Performance

The firm’s 50 day simple moving average is $42.50 and its 200-day simple moving average is $42.50.

Lundin Energy AB (publ) Company Profile

Lundin Energy AB (publ), an independent oil and gas company, engages in the exploration, development, and production of oil and gas properties primarily in Norway. As of December 31, 2021, it had proved plus probable oil and gas reserves of 639.1 million barrels of oil equivalent (MMboe); and proved plus probable plus possible oil and gas reserves of 799.4 MMboe.