OPG Power Ventures (LON:OPG) Stock Price Down 7.7% – Here’s Why

OPG Power Ventures Plc (LON:OPG) was down 7.7% during mid-day trading on Tuesday . The stock traded as low as GBX 5.70 ($0.07) and last traded at GBX 6 ($0.08). Approximately 190,680 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 444,094 shares. The stock had previously closed at GBX 6.50 ($0.08).

OPG Power Ventures Stock Down 7.7 %

The firm has a market cap of £24.04 million, a P/E ratio of 600.00, a price-to-earnings-growth ratio of 0.15 and a beta of 0.71. The stock’s 50 day simple moving average is GBX 7.07 and its 200 day simple moving average is GBX 9.07. The company has a debt-to-equity ratio of 16.80, a quick ratio of 0.32 and a current ratio of 1.54.

About OPG Power Ventures

OPG Power Ventures Plc, together with its subsidiaries, develops, owns, operates, and maintains private sector power projects in India. The company operates 414 MW of thermal power and 62 MW solar power assets. It primarily sells electric power to public sector undertakings and heavy industrial companies.