Dno Asa (OTCMKTS:DTNOF) Trading 15.8% Higher – Still a Buy?

Dno Asa (OTCMKTS:DTNOFGet Free Report) was up 15.8% during trading on Wednesday . The company traded as high as $2.00 and last traded at $2.00. 953 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 8,395 shares. The stock had previously closed at $1.7270.

Dno Asa Stock Performance

The firm’s 50-day moving average price is $1.74 and its 200-day moving average price is $1.88.

About Dno Asa

(Get Free Report)

DNO ASA is an independent upstream oil and gas company headquartered in Oslo, Norway. Established in 1971, the company focuses on the exploration, development and production of hydrocarbon resources in key international markets. DNO’s strategy centers on high-margin, long-life oil fields and value accretion from early-stage exploration successes.

The company’s core assets are concentrated in the Middle East, notably in the Kurdistan Region of Iraq, where it operates the Tawke and Peshkabir fields under long-term production sharing contracts.

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