Lundin Energy AB (publ) (OTCMKTS:LNEGY) Trading Up 2.3% – Here’s Why

Lundin Energy AB (publ) (OTCMKTS:LNEGY) shares rose 2.3% during mid-day trading on Friday . The company traded as high as $42.50 and last traded at $42.50. Approximately 100 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 1,032 shares. The stock had previously closed at $41.55.

Lundin Energy AB (publ) Stock Performance

The firm has a 50-day moving average price of $42.50 and a 200-day moving average price 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.