Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) Share Price Passes Below 50-Day Moving Average – Here’s Why

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTUGet Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.03 and traded as low as $0.03. Gulf Coast Ultra Deep Royalty Trust shares last traded at $0.04, with a volume of 17,901 shares traded.

Gulf Coast Ultra Deep Royalty Trust Price Performance

The stock has a 50-day moving average price of $0.03 and a two-hundred day moving average price of $0.03.

About Gulf Coast Ultra Deep Royalty Trust

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Gulf Coast Ultra Deep Royalty Trust operates as a statutory trust. It holds a 5% gross overriding royalty interest in future production from the McMoRan Oil & Gas LLC inboard lower tertiary/cretaceous exploration prospects located in the shallow waters of the Gulf of Mexico and onshore in South Louisiana.

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