Genel Energy (OTCMKTS:GEGYY) Shares Down 13.8% – Here’s What Happened

Genel Energy (OTCMKTS:GEGYY) shares were down 13.8% on Friday . The stock 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 Trading Down 13.8%

The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average price is $0.70 and its two-hundred day moving average price is $0.73.

About Genel Energy

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.