Carnarvon Energy Limited (OTCMKTS:CVONF – Get Free Report)’s share price crossed 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 Trading Down 5.0%
The stock’s 50 day moving average price is C$0.06 and its 200 day moving average price is C$0.07.
About Carnarvon Energy
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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