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

Kunlun Energy (OTCMKTS:KLYCY) shares saw unusually-strong trading volume on Friday . Approximately 1,049 shares changed hands during mid-day trading, an increase of 1,004% from the previous session’s volume of 95 shares.The stock last traded at $9.54 and had previously closed at $9.89.

Wall Street Analyst Weigh In

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

Kunlun Energy Stock Performance

The company has a 50 day moving average of $9.42 and a 200 day moving average of $9.43. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.85 and a current ratio of 1.89.

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.