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Orca Exploration Group (CVE:ORC.B) Stock Price Crosses Below 50-Day Moving Average - Here's Why

Orca Exploration Group logo with Oils/Energy background

Shares of Orca Exploration Group Inc (CVE:ORC.B - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$3.06 and traded as low as C$3.00. Orca Exploration Group shares last traded at C$3.09, with a volume of 6,850 shares.

Orca Exploration Group Stock Down 6.5 %

The firm's 50-day simple moving average is C$3.07 and its two-hundred day simple moving average is C$3.08. 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 company has a market capitalization of C$54.06 million, a price-to-earnings ratio of 15.00 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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