Genel Energy (OTCMKTS:GEGYY) Stock Price Down 44% – Here’s Why

Shares of Genel Energy plc (OTCMKTS:GEGYYGet Free Report) fell 44% on Wednesday . The stock traded as low as $0.60 and last traded at $0.60. 106 shares were traded during trading, a decline of 92% from the average session volume of 1,350 shares. The stock had previously closed at $1.07.

Genel Energy Trading Down 44.0 %

The company’s fifty day simple moving average is $0.95 and its two-hundred day simple moving average is $0.98.

About Genel Energy

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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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