Genel Energy (LON:GENL) Shares Cross Below 200-Day Moving Average – Here’s Why

Genel Energy plc (LON:GENL)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 82.55 ($1.04) and traded as low as GBX 58.60 ($0.74). Genel Energy shares last traded at GBX 62 ($0.78), with a volume of 447,197 shares changing hands.

Genel Energy Price Performance

The company has a market capitalization of £167.42 million, a PE ratio of -671.11, a price-to-earnings-growth ratio of -0.03 and a beta of 1.13. The company has a debt-to-equity ratio of 59.32, a current ratio of 5.26 and a quick ratio of 5.87. The stock’s 50 day simple moving average is GBX 76.18 and its 200-day simple moving average is GBX 82.39.

Genel Energy Company Profile

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.