Shares of Oracle Power plc (LON:ORCP – Get Free Report) dropped 10.5% on Wednesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 10,652,366 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 20,787,936 shares. The stock had previously closed at GBX 0.02 ($0.00).
Oracle Power Price Performance
The firm’s 50-day moving average is GBX 0.02 and its 200-day moving average is GBX 0.02. The company has a debt-to-equity ratio of 9.98, a current ratio of 1.71 and a quick ratio of 5.67. The company has a market capitalization of £1.27 million, a P/E ratio of -3.10 and a beta of 1.44.
About Oracle Power
Oracle Power plc engages in the exploration and development of coal in Pakistan. It is also involved in building a mine-mouth power plant. The company primarily holds interests in the Thar Block VI project that covers an area of 9,100 square kilometers located in the Thar Province of Pakistan. In addition, it holds interest in the gold licenses, including Jundee East project that comprises 29 blocks covering and area of approximately 89.3 square kilometers; and the Northern Zone project, which covers an area of 82 hectares located in Western Australia, as well as develops green hydrogen project in Pakistan.
Further Reading
- Five stocks we like better than Oracle Power
- About the Markup Calculator
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
- Investing in the High PE Growth Stocks
- Stocks to Take Advantage of Rising Gold Prices
- NYSE Stocks Give Investors a Variety of Quality Options
- Smartsheet Is a Smart Buy for Traders and Investors: Here’s Why
Receive News & Ratings for Oracle Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Power and related companies with MarketBeat.com's FREE daily email newsletter.