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 - )'s stock 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 trading hands.

Kunlun Energy Stock 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 business has a 50 day moving average price of $9.96 and a 200-day moving average price of $9.85.

Kunlun Energy Cuts Dividend

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

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.

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