Genel Energy (LON:GENL) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Genel Energy plc (LON:GENL) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 85.26 ($1.10) and traded as high as GBX 86.88 ($1.12). Genel Energy shares last traded at GBX 85.30 ($1.10), with a volume of 360,484 shares trading hands.

Genel Energy Price Performance

The stock has a 50 day simple moving average of GBX 76.46 and a two-hundred day simple moving average of GBX 85.26. The firm has a market cap of £235.88 million, a PE ratio of -947.78, 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 quick ratio of 5.87 and a current ratio of 5.26.

Insider Activity at Genel Energy

In other Genel Energy news, insider Yetik Mert purchased 81,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of GBX 75 ($0.97) per share, for a total transaction of £60,750 ($78,175.27). 68.09% of the stock is owned by company insiders.

About Genel Energy

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.