Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) Shares Cross Above 50-Day Moving Average – Here’s Why

Shares of Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTUGet Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.02 and traded as high as $0.03. Gulf Coast Ultra Deep Royalty Trust shares last traded at $0.03, with a volume of 127,665 shares.

Gulf Coast Ultra Deep Royalty Trust Stock Down 3.4 %

The firm has a fifty day simple moving average of $0.02 and a 200-day simple moving average of $0.02.

Gulf Coast Ultra Deep Royalty Trust Company Profile

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Gulf Coast Ultra Deep Royalty Trust operates as a statutory trust. It holds a 5% gross overriding royalty interest in future production from the McMoRan Oil & Gas LLC inboard lower tertiary/cretaceous exploration prospects located in the shallow waters of the Gulf of Mexico and onshore in South Louisiana.

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