Orca Exploration Group (CVE:ORC.B) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Orca Exploration Group Inc (CVE:ORC.BGet Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$3.01 and traded as low as C$2.79. Orca Exploration Group shares last traded at C$2.79, with a volume of 1,120 shares changing hands.

Orca Exploration Group Price Performance

The firm has a 50-day simple moving average of C$3.01 and a two-hundred day simple moving average of C$3.43. The company has a market capitalization of C$50.28 million, a price-to-earnings ratio of 13.95 and a beta of 0.26. The company has a current ratio of 2.16, a quick ratio of 1.80 and a debt-to-equity ratio of 40.57.

Orca Exploration Group Company Profile

(Get Free Report)

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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