Genel Energy (OTCMKTS:GEGYF) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Genel Energy plc (OTCMKTS:GEGYFGet Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.82 and traded as low as $0.7832. Genel Energy shares last traded at $0.8315, with a volume of 2,318 shares.

Genel Energy Stock Up 0.2%

The company’s fifty day simple moving average is $0.82 and its 200-day simple moving average is $0.86.

About Genel Energy

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Genel Energy is an independent oil and gas exploration and production company with a primary focus on the Kurdistan Region of Iraq. The company’s upstream portfolio encompasses operated and non-operated interests in producing fields and exploration licences. Its technical expertise is centered on maximizing recovery from established reservoirs and advancing near-term development projects.

Genel Energy’s principal producing assets include interests in the Taq Taq and Tawke licences, which have delivered sustained output of crude oil since the early 2010s.

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