Shares of Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) shot up 19.8% during trading on Tuesday . The company traded as high as $1.33 and last traded at $1.33. 500 shares were traded during trading, a decline of 44% from the average session volume of 886 shares. The stock had previously closed at $1.11.
Genel Energy Stock Performance
The stock’s 50-day simple moving average is $1.04 and its 200 day simple moving average is $1.00.
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.
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