Orca Exploration Group (CVE:ORC.B) Stock Passes Below 50-Day Moving Average – What’s Next?

Orca Exploration Group Inc (CVE:ORC.B)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$3.06 and traded as low as C$3.00. Orca Exploration Group shares last traded at C$3.09, with a volume of 6,850 shares trading hands.

Orca Exploration Group Stock Performance

The company has a 50 day simple moving average of C$3.06 and a 200-day simple moving average of C$3.09. The company has a debt-to-equity ratio of 40.57, a current ratio of 2.16 and a quick ratio of 1.80. The stock has a market cap of C$55.68 million, a P/E ratio of 15.45 and a beta of 0.26.

Orca Exploration Group Company Profile

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.