Kunlun Energy (OTCMKTS:KLYCY) Shares Gap Down – Time to Sell?

Kunlun Energy (OTCMKTS:KLYCY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $9.94, but opened at $9.44. Kunlun Energy shares last traded at $9.44, with a volume of 108 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised 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.com, Kunlun Energy has an average rating of “Hold”.

Kunlun Energy Trading Down 5.0%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.85 and a current ratio of 1.89. The stock’s fifty day simple moving average is $9.52 and its 200-day simple moving average is $9.42.

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.