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Genel Energy (OTCMKTS:GEGYY) Trading Down 7.2% - Here's Why

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Genel Energy plc (OTCMKTS:GEGYY - Get Free Report)'s share price fell 7.2% during trading on Friday . The company traded as low as $0.88 and last traded at $0.88. 1,250 shares changed hands during trading, an increase of 22,423% from the average session volume of 6 shares. The stock had previously closed at $0.95.

Genel Energy Stock Performance

The stock has a fifty day moving average of $0.69 and a 200 day moving average of $0.86.

Genel Energy Company Profile

(Get Free Report)

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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