Oracle Power (LON:ORCP) Trading Up 7.7% – What’s Next?

Oracle Power plc (LON:ORCP) rose 7.7% on Thursday . The company traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 116,809,289 shares were traded during mid-day trading, an increase of 193% from the average daily volume of 39,849,656 shares. The stock had previously closed at GBX 0.03 ($0.00).

Oracle Power Price Performance

The business has a 50 day simple moving average of GBX 0.02 and a two-hundred day simple moving average of GBX 0.02. The firm has a market capitalization of £2.16 million, a P/E ratio of -3.10 and a beta of 1.44. The company has a debt-to-equity ratio of 9.98, a quick ratio of 5.67 and a current ratio of 3.74.

About Oracle Power

Oracle Power plc engages in the exploration and development of coal in Pakistan. It is also involved in building a mine-mouth power plant. The company primarily holds interests in the Thar Block VI project that covers an area of 9,100 square kilometers located in the Thar Province of Pakistan. In addition, it holds interest in the gold licenses, including Jundee East project that comprises 29 blocks covering and area of approximately 89.3 square kilometers; and the Northern Zone project, which covers an area of 82 hectares located in Western Australia, as well as develops green hydrogen project in Pakistan.