Carbon Energy (OTCMKTS:CRBO) Trading 25% Higher – Here’s What Happened

Shares of Carbon Energy Corp (OTCMKTS:CRBOGet Free Report) traded up 25% on Wednesday . The company traded as high as $0.25 and last traded at $0.25. 5,843 shares traded hands during trading, an increase of 191% from the average session volume of 2,009 shares. The stock had previously closed at $0.20.

Carbon Energy Stock Performance

The business has a fifty day moving average of $0.22 and a two-hundred day moving average of $0.18.

About Carbon Energy

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Carbon Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids properties in the United States. It focuses on conventional and unconventional reservoirs, including shale, tight sand, and coalbed methane located in the Appalachian, Illinois, and Ventura Basins.

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