Energy Revenue America (OTCMKTS:ERAO) Shares Pass Below 50-Day Moving Average – Here’s Why

Energy Revenue America, Inc. (OTCMKTS:ERAO – Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4,055.53 and traded as low as $0.0121. Energy Revenue America shares last traded at $0.0239, with a volume of 100,840 shares.

Energy Revenue America Price Performance

The firm has a 50-day moving average price of $4,055.53 and a 200-day moving average price of $1,418.04.

Energy Revenue America Company Profile

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Energy Revenue America, Inc engages in the exploration, development, production, and marketing of natural gas. The company primarily focuses on coal bed methane unconventional natural gas projects. It transports and sells natural gas through a 65 mile pipeline with approximately 3,000 acres in the Cherokee basin and 3 compressors in Nowata County, Oklahoma. The company was formerly known as NavStar Technologies, Inc and changed its name to Energy Revenue America, Inc in August 2012. Energy Revenue America, Inc was founded in 2010 and is headquartered in Dallas, Texas.

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