Carnarvon Petroleum Limited (ASX:CVN)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as low as $0.57. Carnarvon Petroleum shares last traded at $0.58, with a volume of 3,032,119 shares.
The company has a market capitalization of $805.64 million and a P/E ratio of -600.00. The firm has a fifty day moving average of A$0.50.
In related news, insider William (Bill) Foster purchased 113,636 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were bought at an average price of A$0.44 ($0.31) per share, with a total value of A$49,886.20 ($35,380.29).
Carnarvon Petroleum Limited explores for, develops, and produces oil and gas in Australia. The company owns interests in the Phoenix project located in the Bedout Sub-basin within the greater Roebuck Basin; Buffalo project located in the Bonaparte Basin; and Labyrinth project located in the Roebuck Basin in the North West Shelf of Western Australia.
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