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

Orca Exploration Group logo with Oils/Energy background

Orca Exploration Group Inc (CVE:ORC.B - Get Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$3.06 and traded as low as C$3.01. Orca Exploration Group shares last traded at C$3.05, with a volume of 2,300 shares traded.

Orca Exploration Group Trading Down 4.4 %

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 firm's fifty day moving average price is C$3.06 and its 200-day moving average price is C$3.05. The company has a market cap of C$54.96 million, a price-to-earnings ratio of 15.25 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.

Further Reading

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