Orca Exploration Group (CVE:ORC.B) Shares Pass Below 50-Day Moving Average – What’s Next?

Orca Exploration Group Inc (CVE:ORC.BGet Free Report)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$3.19 and traded as low as C$3.11. Orca Exploration Group shares last traded at C$3.11, with a volume of 8,652 shares.

Orca Exploration Group Trading Down 4.6 %

The stock has a market cap of C$56.04 million, a PE ratio of 15.55 and a beta of 0.25. The company has a debt-to-equity ratio of 40.57, a quick ratio of 1.80 and a current ratio of 2.16. The stock has a fifty day moving average price of C$3.19 and a 200 day moving average price of C$3.69.

Orca Exploration Group Company Profile

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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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