Gulf Keystone Petroleum (OTCMKTS:GUKYF) Trading Down 4%

Gulf Keystone Petroleum Limited (OTCMKTS:GUKYF) shares were down 4% during trading on Friday . The company traded as low as $1.19 and last traded at $1.19, approximately 2,100 shares were traded during trading. A decline of 72% from the average daily volume of 7,472 shares. The stock had previously closed at $1.24.

A number of research firms have issued reports on GUKYF. Canaccord Genuity reiterated a “buy” rating on shares of Gulf Keystone Petroleum in a research note on Friday, June 19th. Berenberg Bank initiated coverage on shares of Gulf Keystone Petroleum in a research report on Wednesday, April 29th. They issued a “buy” rating for the company. Finally, Stifel Nicolaus restated a “buy” rating on shares of Gulf Keystone Petroleum in a research note on Tuesday, April 7th.

The business’s 50 day simple moving average is $1.22.

Gulf Keystone Petroleum Company Profile (OTCMKTS:GUKYF)

Gulf Keystone Petroleum Limited engages in the exploration, evaluation, and production of oil and gas properties in the Kurdistan Region of Iraq and the United Kingdom. The company's principal asset is Shaikan block that covers an area of 283 square kilometers located north-west of Erbil. It also provides geophysical and engineering services.

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