Carnarvon Petroleum (ASX:CVN) Share Price Crosses Below Fifty Day Moving Average of $0.40

Carnarvon Petroleum Limited (ASX:CVN) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.40 and traded as low as $0.38. Carnarvon Petroleum shares last traded at $0.39, with a volume of 3,721,200 shares changing hands.

The business has a 50 day moving average of A$0.40 and a two-hundred day moving average of A$0.45. The firm has a market cap of $523.67 million and a P/E ratio of -65.00.

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.

Recommended Story: Why are percentage gainers important?

Receive News & Ratings for Carnarvon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnarvon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.