Genel Energy (OTCMKTS:GEGYY – Get Free Report) shares fell 13.8% on Friday . The company traded as low as $0.69 and last traded at $0.69. 1,000 shares traded hands during mid-day trading, The stock had previously closed at $0.80.
Genel Energy Price Performance
The business’s 50-day simple moving average is $0.70 and its two-hundred day simple moving average is $0.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.70 and a quick ratio of 2.70.
Genel Energy Company Profile
Genel Energy is an independent upstream oil and gas company with core operations in the Kurdistan Region of Iraq. The company holds material equity interests in producing fields such as Taq Taq and Tawke, operating under production sharing contracts with the Kurdistan Regional Government. Genel’s activities encompass exploration, development and production, as well as the ongoing appraisal of several exploration licences in the region.
Formed in 2011 and headquartered in London, Genel Energy is listed on the London Stock Exchange and trades in the United States on the OTC Markets under the symbol GEGYY.
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