Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) was down 23.1% on Friday . The company traded as low as $0.96 and last traded at $0.96. Approximately 4,000 shares changed hands during trading, an increase of 358% from the average daily volume of 873 shares. The stock had previously closed at $1.25.
Genel Energy Stock Performance
The stock has a fifty day moving average of $1.26 and a two-hundred day moving average of $1.13.
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.
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