Orca Exploration Group (CVE:ORC.B) Reaches New 1-Year Low – Here’s What Happened

Shares of Orca Exploration Group Inc (CVE:ORC.BGet Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as C$2.65 and last traded at C$2.65, with a volume of 3800 shares changing hands. The stock had previously closed at C$2.69.

Orca Exploration Group Price Performance

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 company has a 50-day moving average of C$2.98 and a 200-day moving average of C$3.44. The stock has a market capitalization of C$52.47 million, a price-to-earnings ratio of 4.27 and a beta of 0.87.

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. It also holds oil and gas exploration and appraisal interests in Italy. The company was formerly known as EastCoast Energy Corporation and changed its name to Orca Exploration Group Inc in April 2007.

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