Orca Exploration Group (CVE:ORC.B) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Orca Exploration Group Inc (CVE:ORC.BGet Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$2.90 and traded as high as C$3.07. Orca Exploration Group shares last traded at C$3.07, with a volume of 2,403 shares traded.

Orca Exploration Group Stock Performance

The company has a market cap of C$55.32 million, a PE ratio of 15.35 and a beta of 0.26. The stock has a 50 day simple moving average of C$2.90 and a two-hundred day simple moving average of C$3.27. The company has a debt-to-equity ratio of 40.57, a current ratio of 2.16 and a quick ratio of 1.80.

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.

Further Reading

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