EnQuest (OTCMKTS:ENQUF – Get Free Report) gapped up prior to trading on Friday. The stock had previously closed at $0.33, but opened at $0.3713. EnQuest shares last traded at $0.3713, with a volume of 2,500 shares changing hands.
EnQuest Trading Up 4.6%
The company has a 50-day moving average of $0.38 and a 200-day moving average of $0.30.
About EnQuest
EnQuest is an independent energy company focused on the development and production of oil and natural gas. Its activities also include operating and maintaining offshore infrastructure and managing the later-life stages of oil and gas assets. The company’s operations are centered on the United Kingdom’s North Sea, where its portfolio has included producing fields and related facilities. EnQuest has also operated assets in Malaysia, a business it agreed to sell to Hibiscus Petroleum. Founded in 2010, EnQuest was formed through the combination of UK North Sea assets associated with Lundin Petroleum and Petrofac Energy Developments.
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