Lundin Energy AB (publ) (OTCMKTS:LNEGY) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Lundin Energy AB (publ) (OTCMKTS:LNEGY) passed below its 50 day moving average during trading on Thursday . 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.

Lundin Energy AB (publ) Stock Up 2.3 %

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

About Lundin Energy AB (publ)

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.