Genel Energy (LON:GENL) Stock Crosses Below 200-Day Moving Average - Here's Why

Genel Energy plc (LON:GENL - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 85.49 ($1.11) and traded as low as GBX 75.20 ($0.98). Genel Energy shares last traded at GBX 78 ($1.02), with a volume of 128,055 shares changing hands.

Genel Energy Price Performance

The company has a debt-to-equity ratio of 59.32, a quick ratio of 5.87 and a current ratio of 5.26. The stock's 50-day moving average is GBX 76.78 and its two-hundred day moving average is GBX 85.49. The stock has a market cap of £220.08 million, a PE ratio of -868.50, a PEG ratio of -0.03 and a beta of 1.13.

Insider Activity at Genel Energy

In related news, insider Yetik Mert acquired 81,000 shares of the business's stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of GBX 75 ($0.98) per share, with a total value of £60,750 ($79,080.97). Company insiders own 68.09% of the company's stock.

About Genel Energy

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.