Genel Energy (LON:GENL) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

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 - )'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 59.82 ($0.79) 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.

Genel Energy Stock 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 company has a market cap of £213.22 million, a price-to-earnings ratio of -10.06, a PEG ratio of -0.03 and a beta of 1.13. The firm's 50-day moving average price is GBX 58.16 and its 200 day moving average price is GBX 59.81.

About Genel Energy

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.

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