Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF – Get Free Report) shares rose 10.7% during trading on Thursday . The stock traded as high as $2.70 and last traded at $2.70. 4,737 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 8,630 shares. The stock had previously closed at $2.44.
Gulf Keystone Petroleum Stock Up 10.7%
The firm’s 50-day moving average price is $2.43 and its two-hundred day moving average price 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.
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