Shares of Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) were down 6% during trading on Wednesday . The company traded as low as $0.77 and last traded at $0.77. Approximately 500 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 3,145 shares. The stock had previously closed at $0.82.
Genel Energy Stock Down 6.0 %
The business’s 50 day moving average price is $0.94 and its two-hundred day moving average price is $1.10.
Genel Energy Company Profile
Genel Energy plc, through its subsidiaries, operates as an independent oil and gas exploration and production company. It operates through two segments, Production and Pre-production. The Production segment holds a 25% working interest in the Tawke PSC; and 44% working interest in the Taq Taq PSC. The Pre-Production segment holds a 50% working interest in Odewayne and 51% working interest in SL10B13 block located in Somaliland; and 75% working interest in Lagzira block in Morocco.
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