Kunlun Energy (OTCMKTS:KLYCY) Shares Gap Down - Should You Sell?

Key Points

• Kunlun Energy shares experienced a significant drop, opening at $9.25, down from a previous close of $10.07.
• The company has recently cut its dividend, with a yield of 314.0% based on the payment made on August 4th.
• Kunlun Energy operates in the oil and gas sector, involving exploration, production, and sales across several segments, including natural gas and liquefied petroleum gas.

Kunlun Energy (OTCMKTS:KLYCY - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $10.07, but opened at $9.25. Kunlun Energy shares last traded at $9.25, with a volume of 188 shares traded.

Kunlun Energy Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.60 and a quick ratio of 1.57. The firm's 50 day simple moving average is $9.89 and its two-hundred day simple moving average is $9.84.

Kunlun Energy Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, August 4th. Shareholders of record on Wednesday, June 4th were paid a $0.1612 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a yield of 314.0%.

About Kunlun Energy

Kunlun Energy Company Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas. It operates through four segments: Natural Gas Sales; Sales of Liquefied Petroleum Gas (LPG); Liquefied Natural Gas (LNG) Processing and Terminal; and Exploration and Production.