Liquefied Natural Gas (OTCMKTS:LNGLY) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Liquefied Natural Gas Limited (OTCMKTS:LNGLY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.09 and traded as low as $0.0850. Liquefied Natural Gas shares last traded at $0.09, with a volume of 26,000 shares trading hands.

Liquefied Natural Gas Stock Down 10.0%

The company has a fifty day simple moving average of $0.09 and a 200 day simple moving average of $0.09.

About Liquefied Natural Gas

Liquefied Natural Gas Limited (OTCMKTS:LNGLY) is an Australia-based company focused on the planning, development and investment in liquefied natural gas projects, primarily within the Asia-Pacific region. The company’s core activities include securing upstream gas reserves, conducting feasibility and front-end engineering studies, negotiating offtake agreements and overseeing the construction and commissioning of LNG facilities. Its expertise spans gas field evaluation, project management and commercial structuring for large-scale LNG ventures.

Founded in 2001 and headquartered in Melbourne, Liquefied Natural Gas Limited has been involved in one of the Asia-Pacific’s signature LNG undertakings, holding an equity interest in the Papua New Guinea LNG project.