Genel Energy (OTCMKTS:GEGYF) Trading 1.6% Higher – What’s Next?

Shares of Genel Energy plc (OTCMKTS:GEGYFGet Free Report) traded up 1.6% during trading on Tuesday . The company traded as high as $0.83 and last traded at $0.83. 5,000 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 12,400 shares. The stock had previously closed at $0.8170.

Genel Energy Price Performance

The business’s 50-day moving average is $0.82 and its two-hundred day moving average is $0.85.

Genel Energy Company Profile

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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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