Gulf Keystone Petroleum (OTCMKTS:GUKYF) Trading Down 2% – Here’s What Happened

Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF)’s stock price dropped 2% during mid-day trading on Thursday . The stock traded as low as $2.45 and last traded at $2.45. Approximately 500 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 8,900 shares. The stock had previously closed at $2.50.

Gulf Keystone Petroleum Price Performance

The company has a 50-day moving average price of $2.60 and a 200-day moving average price of $2.56.

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.