Orca Exploration Group (CVE:ORC.B) Stock Passes Below 50 Day Moving Average – What’s Next?

Orca Exploration Group Inc (CVE:ORC.BGet Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$3.17 and traded as low as C$2.90. Orca Exploration Group shares last traded at C$2.90, with a volume of 300 shares trading hands.

Orca Exploration Group Price Performance

The company’s fifty day moving average is C$3.15 and its two-hundred day moving average is C$3.50. The company has a quick ratio of 1.80, a current ratio of 2.16 and a debt-to-equity ratio of 40.57. The firm has a market capitalization of C$56.43 million, a price-to-earnings ratio of 4.60 and a beta of 0.87.

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. 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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