Gulf Keystone Petroleum (LON:GKP) Share Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Gulf Keystone Petroleum shares fell below their two hundred day moving average, trading at GBX 174.20 ($2.35) after reaching a low of GBX 169 ($2.28).
• The company has a market capitalization of £473.37 million and significant liquidity indicated by a quick ratio of 2.18.
• Gulf Keystone operates in the Kurdistan Region of Iraq, focusing on oil and gas exploration and production, particularly in the Shaikan field.

Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 169.27 ($2.28) and traded as low as GBX 169 ($2.27). Gulf Keystone Petroleum shares last traded at GBX 174.20 ($2.34), with a volume of 365,589 shares trading hands.

Gulf Keystone Petroleum Stock Up 2.1%

The stock has a market capitalization of £500.23 million, a P/E ratio of -65.46, a P/E/G ratio of 0.06 and a beta of 1.22. The stock's 50 day simple moving average is GBX 167.88 and its 200 day simple moving average is GBX 169.04. The company has a current ratio of 0.97, a quick ratio of 2.18 and a debt-to-equity ratio of 0.03.

Gulf Keystone Petroleum Company Profile

Gulf Keystone Petroleum Limited engages in oil and gas exploration, development, and production in the Kurdistan Region of Iraq. The company operates Shaikan field that covers an area of approximately 280 square kilometers, which is located north-west of Erbil. It also provides management, support, geological, geophysical, and engineering services.