Orca Exploration Group (CVE:ORC.B) Shares Cross Above 50-Day Moving Average – Should You Sell?

Orca Exploration Group Inc (CVE:ORC.BGet Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$3.38 and traded as high as C$3.49. Orca Exploration Group shares last traded at C$3.48, with a volume of 6,320 shares changing hands.

Orca Exploration Group Price Performance

The company has a market cap of C$68.78 million, a price-to-earnings ratio of 4.24 and a beta of 0.30. The company has a current ratio of 2.16, a quick ratio of 1.80 and a debt-to-equity ratio of 40.57. The business has a 50-day moving average price of C$3.38 and a 200 day moving average price of C$3.39.

Orca Exploration Group Company Profile

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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.

Further Reading

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