Vår Energi AS (OTCMKTS:VARRY) Sees Strong Trading Volume – Still a Buy?

Shares of Vår Energi AS (OTCMKTS:VARRYGet Free Report) saw strong trading volume on Friday . Approximately 23,678 shares changed hands during trading, a decline of 14% from the previous session’s volume of 27,610 shares.The stock last traded at $11.40 and had previously closed at $11.49.

Vår Energi AS Trading Down 3.0%

The business has a fifty day moving average price of $9.89 and a 200 day moving average price of $9.61.

About Vår Energi AS

(Get Free Report)

Vår Energi AS is a Norwegian independent oil and gas company focused on exploration, development and production activities on the Norwegian Continental Shelf. The company produces crude oil, natural gas and natural gas liquids from offshore fields and participates in the development of new petroleum resources.

Vår Energi was established in 2018 through the combination of Eni Norge and Point Resources. Its portfolio includes operated and non-operated interests in fields such as Goliat, Balder, Ringhorne and Johan Castberg, as well as exploration licenses and development projects in the Barents Sea, Norwegian Sea and North Sea.

Headquartered in Stavanger, Norway, the company’s operations are concentrated on the Norwegian Continental Shelf.

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