Shares of Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF – Get Free Report) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $2.58 and traded as low as $2.50. Gulf Keystone Petroleum shares last traded at $2.50, with a volume of 561 shares changing hands.
Gulf Keystone Petroleum Trading Down 3.8%
The firm’s 50-day moving average price is $2.65 and its two-hundred day moving average price is $2.58.
Gulf Keystone Petroleum Company Profile
Gulf Keystone Petroleum plc is an independent oil and gas company focused on the exploration, development and production of crude oil in the Kurdistan Region of Iraq. The company’s principal asset is the Shaikan field, a large onshore oil field that it operates under a production-sharing contract. Gulf Keystone has been involved in the appraisal and development of Shaikan since acquiring its interest in the field in 2007. Commercial production began in 2013, and the company has since developed production facilities, wells and related infrastructure to support the field’s operations and export activities.
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