Oracle Power (LON:ORCP) Trading Down 10.8% – Here’s What Happened

Shares of Oracle Power plc (LON:ORCP) dropped 10.8% on Wednesday . The company traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.06 ($0.00). Approximately 2,147,000,000 shares were traded during trading, an increase of 852% from the average daily volume of 225,611,953 shares. The stock had previously closed at GBX 0.07 ($0.00).

Oracle Power Price Performance

The company has a market capitalization of £7.03 million, a PE ratio of -450.00 and a beta of 1.44. The company has a debt-to-equity ratio of 9.98, a current ratio of 3.74 and a quick ratio of 5.67. The company’s 50 day simple moving average is GBX 0.02 and its 200 day simple moving average is GBX 0.02.

About Oracle Power

Oracle Power Plc (AIM: ORCP) is an international project developer in the natural resources and energy sectors. The Company is currently committed to two areas of focus: Western Australia, home to two of Oracle’s highly prospective gold projects, and Pakistan, where it is working to establish one of the largest hydrogen production facilities in the region.
Located in the wind corridor in Jhimpir, Pakistan, The Green Hydrogen project is being developed on a fast-track basis thanks to the joint venture (JV) formed between Oracle and His Highness Shaikh Ahmed Dalmook Al Maktoum (through his wholly owned company, Kaheel Energy Limited).
The JV intends to support the global transition to a carbon neutral future through establishing Pakistan as one of the main Green Hydrogen players in the region, to meet global demand for clean hydrogen forecasted to be 660 million metric tons in 2050.