Oracle Power (LON:ORCP) Trading Up 6.3% – Here’s Why

Oracle Power plc (LON:ORCPGet Free Report) rose 6.3% during trading on Tuesday . The stock traded as high as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 31,530,092 shares were traded during trading, an increase of 28% from the average daily volume of 24,626,879 shares. The stock had previously closed at GBX 0.02 ($0.00).

Oracle Power Stock Performance

The company has a debt-to-equity ratio of 9.98, a quick ratio of 5.67 and a current ratio of 3.74. The firm’s 50 day simple moving average is GBX 0.02 and its 200 day simple moving average is GBX 0.02. The firm has a market capitalization of £1.34 million, a price-to-earnings ratio of -3.10 and a beta of 1.44.

About Oracle Power

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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.

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