Kunlun Energy (OTCMKTS:KLYCY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Kunlun Energy (OTCMKTS:KLYCY) saw unusually-high trading volume on Monday . Approximately 520 shares were traded during trading, an increase of 8% from the previous session’s volume of 483 shares.The stock last traded at $10.17 and had previously closed at $9.94.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Kunlun Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat, Kunlun Energy has a consensus rating of “Hold”.

Kunlun Energy Stock Performance

The company has a current ratio of 1.89, a quick ratio of 1.85 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $9.56 and a two-hundred day simple moving average of $9.43.

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.