Capricorn Energy (OTCMKTS:CRNCY) Trading Down 4.8% - Time to Sell?

Key Points

• Capricorn Energy's share price has decreased by 4.8%, trading down from a previous close of $5.25 to $5.00.
• The company's trading volume increased significantly, with 300 shares traded during mid-day trading, which is a 59% rise from the average volume of 189 shares.
• Capricorn Energy, formerly known as Cairn Energy PLC, is engaged in the exploration, development, production, and sale of oil and gas with assets primarily in Mexico and Egypt.

Capricorn Energy PLC Unsponsored ADR (OTCMKTS:CRNCY - )'s share price traded down 4.8% during trading on Wednesday . The company traded as low as $4.85 and last traded at $5.00. 300 shares were traded during mid-day trading, an increase of 59% from the average session volume of 189 shares. The stock had previously closed at $5.25.

Capricorn Energy Stock Down 4.8%

The stock's fifty day simple moving average is $5.78 and its 200 day simple moving average is $6.00.

About Capricorn Energy

Capricorn Energy PLC, an independent energy company, engages in the exploration, development, production, and sale of oil and gas worldwide. It holds a portfolio of exploration, development, and production assets in Mexico and Egypt. The company was formerly known as Cairn Energy PLC and changed its name to Capricorn Energy PLC in December 2021.

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