Shares of Carnarvon Energy Limited (OTCMKTS:CVONF – Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$0.07 and traded as low as C$0.07. Carnarvon Energy shares last traded at C$0.07, with a volume of 8,000 shares traded.
Carnarvon Energy Stock Performance
The firm has a 50 day simple moving average of C$0.06 and a 200 day simple moving average of C$0.07.
Carnarvon Energy Company Profile
Carnarvon Energy is an Australian oil and gas exploration and development company headquartered in Perth. Formerly known as Carnarvon Petroleum, it adopted its current name in 2021 as its business evolved.
The company’s portfolio includes offshore projects in Western Australia’s Bedout Sub-basin, including interests in the Dorado and Pavo discoveries. These projects are being advanced with the aim of assessing and developing their oil and gas resources.
Carnarvon also holds interests in the Buffalo project in the Timor Sea, which includes the Buffalo oil field.
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