Lundin Energy AB (publ) (OTCMKTS:LNEGY) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Lundin Energy AB (publ) (OTCMKTS:LNEGY)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $42.50 and traded as low as $42.50. Lundin Energy AB (publ) shares last traded at $42.50, with a volume of 100 shares traded.

Lundin Energy AB (publ) Stock Performance

The stock has a 50-day moving average of $42.50 and a two-hundred day moving average of $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.