Orca Exploration Group (CVE:ORC.B) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Orca Exploration Group Inc (CVE:ORC.BGet Free Report)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$3.56 and traded as low as C$3.00. Orca Exploration Group shares last traded at C$3.00, with a volume of 11,988 shares traded.

Orca Exploration Group Trading Down 6.3%

The stock has a market cap of C$59.40 million, a P/E ratio of -50.00 and a beta of 0.32. 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 firm’s fifty day simple moving average is C$3.54 and its 200-day simple moving average is C$3.35.

Orca Exploration Group Company Profile

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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.

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