Genel Energy (OTCMKTS:GEGYY) Trading 9.5% Higher – Should You Buy?

Genel Energy (OTCMKTS:GEGYYGet Free Report)’s stock price was up 9.5% during mid-day trading on Monday . The company traded as high as $0.8760 and last traded at $0.8760. Approximately 1,000 shares were traded during trading, The stock had previously closed at $0.80.

Genel Energy Price Performance

The business’s 50-day moving average price is $0.74 and its two-hundred day moving average price is $0.67.

About Genel Energy

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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.

Further Reading

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