Bow Energy Ltd., (CVE:ONG) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Shares of Bow Energy Ltd., (CVE:ONGGet Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.20 and traded as low as C$0.20. Bow Energy Ltd., shares last traded at C$0.20, with a volume of 2,500 shares trading hands.

Bow Energy Ltd., Stock Up 11.1 %

The firm’s 50 day moving average is C$0.20 and its two-hundred day moving average is C$0.20.

Bow Energy Ltd., Company Profile

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Bow Energy Ltd., a natural resource company, engages in the acquisition, exploration, development, and production of oil and gas properties in Indonesia. Its principal properties include production sharing contracts, such as Bohorok, Palmerah Baru, Palmerah Deep, Mahato, as well as South Block A and Bohorok Deep properties located in Sumatra, Indonesia.

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