Genel Energy (OTCMKTS:GEGYF) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Genel Energy plc (OTCMKTS:GEGYFGet Free Report)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.90 and traded as low as $0.8256. Genel Energy shares last traded at $0.8256, with a volume of 200 shares.

Genel Energy Stock Up 2.7%

The company has a fifty day simple moving average of $0.90 and a 200 day simple moving average of $0.84.

Genel Energy Company Profile

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Genel Energy plc, through its subsidiaries, operates as an independent oil and gas exploration and production company. It operates through two segments, Production and Pre-production. The Production segment holds a 25% working interest in the Tawke PSC; and 44% working interest in the Taq Taq PSC. The Pre-Production segment holds a 50% working interest in Odewayne and 51% working interest in SL10B13 block located in Somaliland; and 75% working interest in Lagzira block in Morocco.

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