Free Trial

Genel Energy (OTCMKTS:GEGYY) Trading Down 44% - Time to Sell?

Genel Energy logo with Oils/Energy background

Genel Energy plc (OTCMKTS:GEGYY - Get Free Report)'s share price dropped 44% during mid-day trading on Wednesday . The company traded as low as $0.60 and last traded at $0.60. Approximately 106 shares were traded during trading, a decline of 92% from the average daily volume of 1,350 shares. The stock had previously closed at $1.07.

Genel Energy Stock Performance

The business's 50-day moving average is $0.93 and its 200-day moving average is $0.97.

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.

Further Reading

Should You Invest $1,000 in Genel Energy Right Now?

Before you consider Genel Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Genel Energy wasn't on the list.

While Genel Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 High-Yield Dividend Stocks that Could Ruin Your Retirement Cover

Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Pelosi Bets Big on AI: Her Top 5 Stock Picks

Pelosi Bets Big on AI: Her Top 5 Stock Picks

MarketBeat's Thomas Hughes breaks down Pelosi's stock picks, her strategy, and what these moves mean for the future of the AI industry.

Recent Videos

Archer Aviation: Sinking Now, Soaring Soon?
NVIDIA Revenue SOARS 78%, But Volatility Won’t STOP!
7 High-Growth Stocks Under $10

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines