Oracle Power (LON:ORCP) Stock Price Down 7.9% – Time to Sell?

Oracle Power plc (LON:ORCP)’s share price dropped 7.9% during mid-day trading on Thursday . The stock traded as low as GBX 0.03 and last traded at GBX 0.04. Approximately 229,433,156 shares traded hands during trading, a decline of 0% from the average daily volume of 230,563,844 shares. The stock had previously closed at GBX 0.04.

Oracle Power Trading Down 7.9%

The stock has a market cap of £5.50 million, a P/E ratio of -17.50 and a beta of 1.44. The company has a quick ratio of 5.67, a current ratio of 3.74 and a debt-to-equity ratio of 9.98. The business’s 50 day simple moving average is GBX 0.04 and its two-hundred 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.