Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) shares rose 1.6% during trading on Tuesday . The stock traded as high as $0.83 and last traded at $0.83. Approximately 5,000 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 12,400 shares. The stock had previously closed at $0.8170.
Genel Energy Trading Up 1.6%
The firm has a 50-day moving average price of $0.82 and a two-hundred day moving average price of $0.85.
Genel Energy Company Profile
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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