FAR (OTCMKTS:FARYF) Trading 21.4% Higher – Should You Buy?

FAR Limited (OTCMKTS:FARYFGet Free Report) rose 21.4% during mid-day trading on Wednesday . The stock traded as high as $0.2138 and last traded at $0.2138. 337 shares were traded during trading, an increase of 2,147% from the average daily volume of 15 shares. The stock had previously closed at $0.1761.

FAR Price Performance

The stock’s 50-day moving average is $0.20 and its 200 day moving average is $0.30.

About FAR

(Get Free Report)

FAR Ltd (OTCMKTS: FARYF) is an independent oil and gas exploration and production company with a strategic focus on offshore West Africa. The company’s principal assets are located in the Mauritania–Senegal Basin, where it holds equity interests in deepwater exploration blocks. Through partnerships with industry players, FAR participates in appraisal and development activities aimed at advancing discovered hydrocarbon resources toward commercial production.

Since its establishment in 2002, FAR has built a portfolio of exploration licences that encompass both contingent gas resources and exploration upside.

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