Orca Exploration Group (CVE:ORC.B) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Orca Exploration Group Inc (CVE:ORC.BGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.62 and traded as low as C$3.44. Orca Exploration Group shares last traded at C$3.45, with a volume of 1,250 shares changing hands.

Orca Exploration Group Stock Up 1.5%

The firm has a 50-day simple moving average of C$3.76 and a 200 day simple moving average of C$3.62. The company has a market capitalization of C$68.19 million, a PE ratio of 4.21 and a beta of 1.03. The company has a debt-to-equity ratio of 40.57, a current ratio of 2.16 and a quick ratio of 1.80.

About Orca Exploration Group

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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. It also holds oil and gas exploration and appraisal interests in Italy. The company was formerly known as EastCoast Energy Corporation and changed its name to Orca Exploration Group Inc in April 2007.

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