Carnarvon Petroleum (ASX:CVN) Share Price Crosses Below Fifty Day Moving Average of $0.50

Carnarvon Petroleum Limited (ASX:CVN) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.50 and traded as low as $0.40. Carnarvon Petroleum shares last traded at $0.40, with a volume of 4,780,962 shares trading hands.

The company has a market capitalization of $537.09 million and a price-to-earnings ratio of -400.00. The stock’s 50-day simple moving average is A$0.50.

Carnarvon Petroleum Company Profile (ASX:CVN)

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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