Gulf Keystone Petroleum (OTCMKTS:GUKYF) Stock Price Down 5% – Time to Sell?

Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF) shares were down 5% on Monday . The company traded as low as $2.5750 and last traded at $2.64. Approximately 8,013 shares were traded during trading, a decline of 20% from the average daily volume of 10,016 shares. The stock had previously closed at $2.78.

Gulf Keystone Petroleum Stock Performance

The firm’s 50 day moving average is $2.71 and its 200-day moving average is $2.55.

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.