Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.01 and traded as high as $0.01. Gulf Coast Ultra Deep Royalty Trust shares last traded at $0.01, with a volume of 10,000 shares traded.

Gulf Coast Ultra Deep Royalty Trust Price Performance

The business has a 50 day moving average price of $0.01 and a 200 day moving average price of $0.01.

Gulf Coast Ultra Deep Royalty Trust Company Profile

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.