Genel Energy plc (OTCMKTS:GEGYF – Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.75 and traded as high as $0.9083. Genel Energy shares last traded at $0.9083, with a volume of 1,722 shares traded.
Genel Energy Stock Performance
The company’s 50-day moving average price is $0.75 and its 200 day moving average price is $0.76.
About Genel Energy
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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