Lundin Energy AB (publ) (OTCMKTS:LNEGY) Stock Jumps 2.3% – Time to Buy?

Shares of Lundin Energy AB (publ) (OTCMKTS:LNEGY) shot up 2.3% during mid-day trading on Friday. The company traded as high as $42.50 and last traded at $42.50. Approximately 100 shares were traded during trading, a decline of 90% from the average daily volume of 1,032 shares. The stock had previously closed at $41.55.

Lundin Energy AB (publ) Stock Up 2.3%

The firm has a 50 day moving average price of $42.50 and a 200 day moving average price of $42.50.

About Lundin Energy AB (publ)

Lundin Energy AB (publ) was a Swedish independent energy company focused primarily on the exploration, development and production of oil and natural gas. Its portfolio was historically concentrated in the Norwegian Continental Shelf, where the company held interests in offshore fields and development projects. Lundin Energy also maintained exploration and production activities in other international regions during its history, including Malaysia.

The company was known for its participation in major Norwegian oil developments, including the Johan Sverdrup field, one of the largest discoveries on the Norwegian Continental Shelf.