Genel Energy (OTCMKTS:GEGYY) Trading Down 4.4% – Should You Sell?

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

Genel Energy Trading Down 4.4%

The firm has a fifty day moving average of $0.88 and a 200 day moving average of $0.83.

Genel Energy Company Profile

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.