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Orca Exploration Group (CVE:ORC.B) Stock Price Passes Above 50 Day Moving Average - Should You Sell?

Orca Exploration Group logo with Energy background
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Shares of Orca Exploration Group Inc (CVE:ORC.B - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$3.02 and traded as high as C$3.19. Orca Exploration Group shares last traded at C$3.19, with a volume of 945 shares changing hands.

Orca Exploration Group Stock Performance

The firm has a market capitalization of C$57.66 million, a PE ratio of 16.00 and a beta of 0.26. The business has a 50-day simple moving average of C$3.03 and a 200-day simple moving average of C$3.02. The company has a debt-to-equity ratio of 40.57, a current ratio of 2.16 and a quick ratio of 1.80.

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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