Genel Energy (LON:GENL) Shares Down 9.1% – What’s Next?

Genel Energy plc (LON:GENL)’s share price dropped 9.1% on Friday . The stock traded as low as GBX 66.47 ($0.82) and last traded at GBX 67 ($0.83). Approximately 594,971 shares were traded during mid-day trading, an increase of 37% from the average daily volume of 433,980 shares. The stock had previously closed at GBX 73.70 ($0.91).

Genel Energy Trading Down 13.2 %

The company has a current ratio of 5.26, a quick ratio of 5.87 and a debt-to-equity ratio of 59.32. The business has a 50 day moving average of GBX 73.94 and a 200-day moving average of GBX 80.53. The stock has a market cap of £177.40 million, a PE ratio of -711.11, a price-to-earnings-growth ratio of -0.03 and a beta of 1.13.

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.