Oracle Power (LON:ORCP) Stock Price Down 5.6% – Time to Sell?

Oracle Power plc (LON:ORCP) shares were down 5.6% on Wednesday . The company traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). Approximately 1,849,921,250 shares traded hands during mid-day trading, an increase of 5,029% from the average daily volume of 36,070,691 shares. The stock had previously closed at GBX 0.05 ($0.00).

Oracle Power Trading Down 13.0 %

The business’s 50 day moving average price is GBX 0.02 and its two-hundred day moving average price is GBX 0.02. The company has a current ratio of 3.74, a quick ratio of 5.67 and a debt-to-equity ratio of 9.98. The company has a market capitalization of £3.50 million, a price-to-earnings ratio of -3.10 and a beta of 1.44.

About Oracle Power

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.