Genel Energy (OTCMKTS:GEGYY) Stock Price Down 12.5% – Here’s What Happened

Genel Energy (OTCMKTS:GEGYY) traded down 12.5% during mid-day trading on Monday . The stock traded as low as $0.70 and last traded at $0.70. 2,500 shares were traded during trading, an increase of 4,999,900% from the average session volume of 0 shares. The stock had previously closed at $0.80.

Genel Energy Stock Down 12.5%

The stock’s 50 day moving average is $0.77 and its 200-day moving average is $0.72.

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.