Kunlun Energy (OTCMKTS:KLYCY) Shares Gap Down – Time to Sell?

Kunlun Energy (OTCMKTS:KLYCY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $10.9950, but opened at $10.0425. Kunlun Energy shares last traded at $10.0425, with a volume of 477 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Kunlun Energy to a “hold” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Kunlun Energy Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.89 and a quick ratio of 1.85. The business has a 50 day moving average price of $9.89 and a two-hundred day moving average price of $9.48.

About Kunlun Energy

Kunlun Energy Company Limited is a China-based energy company engaged primarily in the exploration, production, distribution and sales of natural gas and crude oil. As a publicly traded entity on the Hong Kong Stock Exchange and the OTC Markets under the ticker KLYCY, the company focuses on developing upstream reserves in key basins across northwest China, including the Tarim, Junggar and Turpan–Hami basins. Kunlun Energy’s upstream activities are supported by a combination of proprietary drilling technologies and strategic partnerships that enable it to target both conventional and unconventional hydrocarbon resources.

In its midstream operations, Kunlun Energy has established an extensive pipeline network that links its production areas to major consumption centers.