Genel Energy (LON:GENL) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Genel Energy's share price exceeded its 200-day moving average, reaching a trading high of GBX 61 ($0.81) on Thursday.
• The company's current financial metrics include a debt-to-equity ratio of 59.32 and a market cap of £213.22 million.
• Genel Energy focuses on sustainable operations, emphasizing a strategy aimed at delivering resilient and diversified cash flows to shareholders.

Genel Energy plc (LON:GENL - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 59.82 ($0.80) and traded as high as GBX 61 ($0.81). Genel Energy shares last traded at GBX 61 ($0.81), with a volume of 278,118 shares traded.

Genel Energy Stock Up 2.7%

The company has a current ratio of 5.26, a quick ratio of 5.87 and a debt-to-equity ratio of 59.32. The firm has a market capitalization of £211.83 million, a P/E ratio of -10.00, a price-to-earnings-growth ratio of -0.03 and a beta of 1.13. The company's fifty day simple moving average is GBX 58.46 and its 200 day simple moving average is GBX 59.67.

Genel Energy Company Profile

Genel Energy is a socially responsible oil producer with a low-cost and low-carbon production asset in the Kurdistan Region of Iraq and exploration assets in Oman, Morocco and Somaliland and listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). Genel's strategy is designed to build a business with resilient and diversified cash flows that delivers sustainable value to shareholders, and with the aim of restarting the payment of a regular dividend.