Shares of Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) dropped 6.4% on Thursday . The stock traded as low as $0.82 and last traded at $0.82. Approximately 200 shares were traded during trading, a decline of 56% from the average daily volume of 450 shares. The stock had previously closed at $0.88.
Genel Energy Trading Down 6.4 %
The firm has a 50-day moving average of $0.86 and a two-hundred day moving average of $1.05.
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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