OPG Power Ventures (LON:OPG) Trading 1.1% Higher – Still a Buy?

OPG Power Ventures Plc (LON:OPG)’s stock price was up 1.1% during trading on Friday . The company traded as high as GBX 5.35 ($0.07) and last traded at GBX 4.80 ($0.06). Approximately 2,684,193 shares were traded during mid-day trading, an increase of 743% from the average daily volume of 318,317 shares. The stock had previously closed at GBX 4.75 ($0.06).

OPG Power Ventures Trading Up 8.3 %

The company has a current ratio of 1.48, a quick ratio of 0.32 and a debt-to-equity ratio of 12.26. The company has a market cap of £20.84 million, a price-to-earnings ratio of 4.81, a price-to-earnings-growth ratio of 0.15 and a beta of 0.71. The firm has a 50-day moving average price of GBX 4.65 and a 200 day moving average price of GBX 5.45.

About OPG Power Ventures

OPG operates and develops power generation assets in India and currently has 414 MW in operation principally under the group captive model and 62MW of Solar assets.
OPG has been listed on the AIM market of the London Stock Exchange since May 2008 and since listing in 2008, the Company has grown from 20 MW of generating capacity to 476 MW, consistently delivering strong results as well as growth.
In our view India provides exciting and dynamic opportunities in our sector given its low and rising per capita consumption of electricity as well as India’s overall economic growth estimates.