Orca Exploration Group (CVE:ORC.B) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Orca Exploration Group Inc (CVE:ORC.BGet Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$3.02 and traded as high as C$3.19. Orca Exploration Group shares last traded at C$3.19, with a volume of 945 shares.

Orca Exploration Group Price Performance

The company has a 50-day moving average of C$3.02 and a 200-day moving average of C$3.02. The company has a debt-to-equity ratio of 40.57, a quick ratio of 1.80 and a current ratio of 2.16. The stock has a market cap of C$57.66 million, a price-to-earnings ratio of 16.00 and a beta of 0.26.

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.

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