Genel Energy (LON:GENL) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Genel Energy plc (LON:GENL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 59.93 ($0.81) and traded as high as GBX 62.55 ($0.84). Genel Energy shares last traded at GBX 61.90 ($0.83), with a volume of 291,407 shares changing hands.

Genel Energy Price Performance

The company's 50 day moving average price is GBX 57.57 and its 200-day moving average price is GBX 59.82. The company has a market cap of £211.83 million, a price-to-earnings ratio of -10.00, a PEG ratio of -0.03 and a beta of 1.13. The company has a debt-to-equity ratio of 59.32, a quick ratio of 5.87 and a current ratio of 5.26.

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.