Genel Energy (LON:GENL) Shares Pass Below 200 Day Moving Average – Should You Sell?

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 ($1.03) and traded as low as GBX 58.60 ($0.73). Genel Energy shares last traded at GBX 62 ($0.77), with a volume of 447,197 shares traded.

Genel Energy Stock Performance

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 company has a market cap of £171.85 million, a price-to-earnings ratio of -688.89, a PEG ratio of -0.03 and a beta of 1.13. The firm has a 50 day simple moving average of GBX 76.53 and a 200-day simple moving average of GBX 82.55.

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.