Shares of Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF – Get Free Report) dropped 8.1% during trading on Thursday . The company traded as low as $2.21 and last traded at $2.21. 1,400 shares traded hands during trading, a decline of 83% from the average daily volume of 8,459 shares. The stock had previously closed at $2.4050.
Gulf Keystone Petroleum Stock Performance
The company’s fifty day simple moving average is $2.49 and its two-hundred day simple moving average is $2.57.
About Gulf Keystone Petroleum
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.
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