Kunlun Energy (OTCMKTS:KLYCY) Reaches New 12-Month High – Here’s What Happened

Kunlun Energy (OTCMKTS:KLYCY) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $11.75 and last traded at $11.75, with a volume of 133 shares changing hands. The stock had previously closed at $11.26.

Analyst Ratings Changes

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

Kunlun Energy Trading Up 7.9%

The business has a 50 day simple moving average of $10.15 and a 200-day simple moving average of $9.56. The company has a quick ratio of 1.85, a current ratio of 1.89 and a debt-to-equity ratio of 0.17.

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.