Global Energy Development PLC Declines Again; Strong Momentum for Sellers

 Global Energy Development PLC Declines Again; Strong Momentum for Sellers

The stock of Global Energy Development PLC (LON:GED) is a huge mover today! The stock increased 3.30% or GBX 0.75 on November 16, hitting GBX 23.5. About 29,826 shares traded hands. Global Energy Development PLC (LON:GED) has declined 5.00% since April 18, 2016 and is downtrending. It has underperformed by 9.69% the S&P500.
The move comes after 5 months negative chart setup for the GBX 8.95M company. It was reported on Nov, 16 by Barchart.com. We have GBX 20.92 PT which if reached, will make LON:GED worth GBX 984,500 less.

More recent Global Energy Development PLC (LON:GED) news were published by: Wsj.com which released: “IEA Sees Peak Oil Demand After 2040” on November 16, 2016. Also Bloomberg.com published the news titled: “Trump’s New Old Energy Order” on November 09, 2016. Reuters.com‘s news article titled: “UK Stocks-Factors to watch on Nov 16” with publication date: November 16, 2016 was also an interesting one.

Global Energy Development PLC is a United Kingdom company, which holds a range of petroleum production and development contracts in Colombia, South America. The company has a market cap of 8.95 million GBP. The Firm is engaged in the development and sale of hydrocarbons, and related activities in Colombia. It currently has negative earnings. The Firm has two divisions: the Bolivar Contract area and the Bocachico Contract area (the Bocachico area).

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