Origin Energy Limited (OTCMKTS:OGFGY – Get Free Report)’s share price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $8.15 and traded as low as $8.0710. Origin Energy shares last traded at $8.38, with a volume of 1,614 shares changing hands.
Origin Energy Stock Down 0.5%
The company’s fifty day simple moving average is $8.17 and its 200 day simple moving average is $8.08.
Origin Energy Company Profile
Origin Energy Limited is an Australian integrated energy company that generates electricity and supplies energy to residential, commercial and industrial customers. Its retail business provides electricity and natural gas services, along with related energy products and customer solutions, primarily in Australia.
The company operates a portfolio of electricity-generation assets that has historically included gas-fired, coal-fired, hydroelectric and renewable facilities. Origin has also expanded its focus on lower-emissions energy through investments in renewable generation, battery storage and other technologies intended to support the transition to a cleaner energy system.
Origin Energy was established in 2000 following the demerger of Boral’s energy businesses.
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