Genel Energy (NASDAQ:GEGYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “Genel Energy PLC is an oil and gas exploration and production company. It reserves and resources located primarily in the Kurdistan Region of Iraq. Genel Energy PLC is headquartered in London. “

Shares of Genel Energy (NASDAQ:GEGYY) traded up 20.00% on Wednesday, hitting $1.50. 5,750 shares of the stock were exchanged. The stock’s market cap is $417.59 million. The company’s 50 day moving average is $1.23 and its 200-day moving average is $1.39. Genel Energy has a 52-week low of $0.92 and a 52-week high of $1.50.

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