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
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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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