Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF – Get Free Report) shares dropped 3.8% during mid-day trading on Friday. The stock traded as low as $2.50 and last traded at $2.50. 2,501 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 8,695 shares. The stock had previously closed at $2.60.
Gulf Keystone Petroleum Stock Performance
The stock’s 50 day simple moving average is $2.51 and its two-hundred day simple moving average is $2.54.
About Gulf Keystone Petroleum
Gulf Keystone Petroleum Limited is an independent oil and gas exploration and production company focused on the Kurdistan Region of Iraq. The company’s principal asset is the Shaikan oil field, one of the region’s significant onshore petroleum developments.
Gulf Keystone serves the regional energy market by developing, producing and selling crude oil from the Shaikan field. Its activities include field operations, production infrastructure, transportation and ongoing development designed to support long-term output.
Founded in 2001, Gulf Keystone entered the Kurdistan Region in the mid-2000s and began production from Shaikan in the early 2010s.
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