Harbour Energy (OTCMKTS:HBRIY) Shares Gap Up – Should You Buy?

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $2.57, but opened at $2.70. Harbour Energy shares last traded at $2.70, with a volume of 3,110 shares trading hands.

Analyst Ratings Changes

Separately, Morgan Stanley restated an “overweight” rating on shares of Harbour Energy in a research note on Tuesday, June 17th.

Harbour Energy Trading Up 5.1%

The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.63 and a current ratio of 0.70. The business’s fifty day moving average price is $2.46 and its 200-day moving average price is $2.74.

About Harbour Energy

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.