Delek Group (OTCMKTS:DGRLY) Trading Down 4.4% – Here’s Why

Delek Group Ltd. (OTCMKTS:DGRLY) shares were down 4.4% during trading on Wednesday . The company traded as low as $3.15 and last traded at $3.25. Approximately 31,000 shares changed hands during mid-day trading, The stock had previously closed at $3.40.

Delek Group Stock Down 4.4%

The stock’s 50 day moving average is $3.25 and its 200 day moving average is $3.25.

About Delek Group

Delek Group is an Israel-based diversified energy holding company with interests spanning the upstream, midstream and downstream segments of the oil and gas industry. Through its portfolio of wholly and partially owned subsidiaries, the group is engaged in crude oil and refined product refining, fuel marketing, logistics and natural gas exploration and production. Its operations encompass refining facilities, fuel distribution networks and infrastructure for the storage and transportation of petroleum products.

In its downstream activities, Delek Group oversees refining operations that process crude oil into gasoline, diesel, jet fuel and other petroleum derivatives.