Orca Exploration Group (CVE:ORC.B) Shares Down 4% – Here’s Why

Orca Exploration Group Inc (CVE:ORC.BGet Free Report) fell 4% on Thursday . The company traded as low as C$2.88 and last traded at C$2.88. 2,400 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 5,245 shares. The stock had previously closed at C$3.00.

Orca Exploration Group Price Performance

The company has a market capitalization of C$51.90 million, a PE ratio of 14.40 and a beta of 0.26. The company’s 50-day simple moving average is C$2.92 and its 200-day simple moving average is C$3.32. The company has a debt-to-equity ratio of 40.57, a quick ratio of 1.80 and a current ratio of 2.16.

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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