Orca Exploration Group (CVE:ORC.B) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Orca Exploration Group Inc (CVE:ORC.BGet Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$3.66 and traded as low as C$3.26. Orca Exploration Group shares last traded at C$3.26, with a volume of 2,000 shares.

Orca Exploration Group Stock Performance

The business has a 50-day moving average price of C$3.66 and a 200-day moving average price of C$3.35. The firm has a market capitalization of C$64.55 million, a price-to-earnings ratio of -54.33 and a beta of 0.32. The company has a quick ratio of 1.80, a current ratio of 2.16 and a debt-to-equity ratio of 40.57.

About Orca Exploration Group

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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.

Further Reading

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