Magellan Petroleum Corp. (MPET) Trading Up 11.4%
Magellan Petroleum Corp. (NASDAQ:MPET)’s share price was up 11.4% on Friday . The stock traded as high as $3.30 and last traded at $3.13, with a volume of 694,653 shares. The stock had previously closed at $2.81.
The stock’s market capitalization is $19.13 million. The stock has a 50 day moving average of $1.30 and a 200-day moving average of $1.10.
Magellan Petroleum Corporation is an oil and gas exploration and production company, which focuses on the development of carbon dioxide (CO2) enhanced oil recovery (CO2-EOR) projects in the Rocky Mountain region. The Company owns exploration acreage in the Weald Basin, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory in Australia.
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