Kunlun Energy (OTCMKTS:KLYCY) Stock Price Down 7.7% – Here’s What Happened

Kunlun Energy (OTCMKTS:KLYCY) traded down 7.7% on Wednesday . The stock traded as low as $10.15 and last traded at $10.15. 222 shares were traded during mid-day trading, a decline of 39% from the average session volume of 366 shares. The stock had previously closed at $10.9950.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Kunlun Energy to a “hold” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Kunlun Energy currently has a consensus rating of “Hold”.

Kunlun Energy Trading Down 1.1%

The firm’s 50-day moving average price is $9.90 and its 200 day moving average price is $9.48. 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.