Shares of Kunlun Energy (OTCMKTS:KLYCY – Get Free Report) saw an uptick in trading volume on Thursday . 19,152 shares changed hands during trading, an increase of 214% from the previous session’s volume of 6,096 shares.The stock last traded at $8.75 and had previously closed at $8.36.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded shares of Kunlun Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
View Our Latest Report on KLYCY
Kunlun Energy Stock Up 0.7%
Kunlun Energy Company Profile
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.
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