OPG Power Ventures (LON:OPG) Shares Down 7.7% – Here’s What Happened

OPG Power Ventures Plc (LON:OPG)’s share price traded down 7.7% during mid-day trading on Wednesday . The stock traded as low as GBX 5.70 ($0.07) and last traded at GBX 6 ($0.08). 190,680 shares traded hands during trading, a decline of 57% from the average session volume of 444,094 shares. The stock had previously closed at GBX 6.50 ($0.08).

OPG Power Ventures Stock Performance

The company has a quick ratio of 0.32, a current ratio of 1.54 and a debt-to-equity ratio of 16.80. The stock has a fifty day simple moving average of GBX 6.85 and a 200-day simple moving average of GBX 8.98. The company has a market capitalization of £24.04 million, a P/E ratio of 600.00, a PEG ratio of 0.15 and a beta of 0.71.

About OPG Power Ventures

OPG Power Ventures Plc, together with its subsidiaries, develops, owns, operates, and maintains private sector power projects in India. The company operates 414 MW of thermal power and 62 MW solar power assets. It primarily sells electric power to public sector undertakings and heavy industrial companies.