Gulf Keystone Petroleum (OTCMKTS:GUKYF) Trading Down 5.9% – Should You Sell?

Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF)’s stock price traded down 5.9% during mid-day trading on Friday . The stock traded as low as $2.9350 and last traded at $2.9350. 286 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 11,774 shares. The stock had previously closed at $3.12.

Gulf Keystone Petroleum Stock Performance

The business has a 50-day moving average of $2.51 and a 200 day moving average of $2.48.

Gulf Keystone Petroleum Company Profile

Gulf Keystone Petroleum is an independent oil and gas exploration and production company with a primary focus on the Kurdistan Region of Iraq. Founded in the early 2000s and headquartered in Jersey, the company is listed on the London Stock Exchange’s AIM market and trades over the counter in the United States under the ticker GUKYF. Its core business activity centers on the development and operation of the Shaikan oil field, one of the largest onshore discoveries in the region, alongside ongoing appraisal and exploration in adjacent blocks.

The company achieved a major milestone in 2009 with the discovery of the Shaikan field and commenced early production in 2014.