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Genel Energy (OTCMKTS:GEGYY) Shares Down 4.4% - Here's What Happened

Genel Energy logo with Energy background

Genel Energy plc (OTCMKTS:GEGYY - Get Free Report)'s share price traded down 4.4% on Friday . The stock traded as low as $0.57 and last traded at $0.57. 142 shares traded hands during mid-day trading, an increase of 2,459% from the average session volume of 6 shares. The stock had previously closed at $0.60.

Genel Energy Stock Down 4.4%

The company has a 50 day simple moving average of $0.88 and a two-hundred day simple moving average of $0.83.

Genel Energy Company Profile

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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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