Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU – Get Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.04 and traded as high as $0.0470. Gulf Coast Ultra Deep Royalty Trust shares last traded at $0.0445, with a volume of 244,588 shares traded.
Gulf Coast Ultra Deep Royalty Trust Price Performance
The company’s 50 day moving average is $0.04 and its 200 day moving average is $0.03.
About Gulf Coast Ultra Deep Royalty Trust
Gulf Coast Ultra Deep Royalty Trust is a statutory trust formed in 2006 to hold overriding royalty interests in a portfolio of deepwater oil and natural gas properties in the Gulf of Mexico. The trust’s assets consist of a fixed percentage of net profits attributable to production from designated fields, enabling unitholders to participate in revenue derived from deepwater exploration and production without direct operational involvement.
The trust’s royalties are generated primarily from production in the Mars, Ursa and neighboring deepwater blocks, with sales volumes and commodity prices driving the distribution to unitholders.
Further Reading
- Five stocks we like better than Gulf Coast Ultra Deep Royalty Trust
- NEW LAW: Congress Approves Setup For Digital Dollar?
- Trump just signed it
- Trade this between 9:30 and 10:45 am EST
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- The $650 Million Bet on AI’s Future
Receive News & Ratings for Gulf Coast Ultra Deep Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulf Coast Ultra Deep Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
