Kunlun Energy (OTCMKTS:KLYCY) Shares Gap Up – Time to Buy?

Kunlun Energy (OTCMKTS:KLYCY) gapped up before the market opened on Thursday . The stock had previously closed at $10.24, but opened at $10.8950. Kunlun Energy shares last traded at $10.8950, with a volume of 164 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised Kunlun Energy to a “hold” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Kunlun Energy Stock Up 6.4%

The business’s fifty day moving average is $9.73 and its two-hundred day moving average is $9.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.89 and a quick ratio of 1.85.

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.