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Orca Exploration Group (CVE:ORC.B) Trading Down 4% - What's Next?

Orca Exploration Group logo with Oils/Energy background

Orca Exploration Group Inc (CVE:ORC.B - Get Free Report) shares were down 4% during trading on Thursday . The company traded as low as C$2.88 and last traded at C$2.88. Approximately 2,400 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 5,245 shares. The stock had previously closed at C$3.00.

Orca Exploration Group Stock Performance

The company has a debt-to-equity ratio of 40.57, a current ratio of 2.16 and a quick ratio of 1.80. The stock's 50-day moving average price is C$2.92 and its 200-day moving average price is C$3.32. The company has a market cap of C$51.90 million, a P/E ratio of 14.40 and a beta of 0.26.

Orca Exploration Group Company Profile

(Get Free Report)

Orca Exploration Group Inc explores for, develops, produces, and sells petroleum and natural gas to the power and industrial sectors in Tanzania. The company principally holds interests in the Songo Songo natural gas field that includes two blocks covering an area of approximately 41,630 acres located to the south of Dar Es Salaam.

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