Orca Exploration Group (CVE:ORC.B) Stock Price Down 0.6% – What’s Next?

Orca Exploration Group Inc (CVE:ORC.BGet Free Report) was down 0.6% during mid-day trading on Monday . The company traded as low as C$3.49 and last traded at C$3.50. Approximately 3,006 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 3,053 shares. The stock had previously closed at C$3.52.

Orca Exploration Group Stock Down 0.6%

The business has a 50 day simple moving average of C$3.40 and a 200 day simple moving average of C$3.45. The company has a market capitalization of C$69.18 million, a price-to-earnings ratio of 4.27 and a beta of 0.32. 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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