Oracle Power (LON:ORCP) Stock Price Up 8.3% – Here’s What Happened

Shares of Oracle Power plc (LON:ORCP) rose 8.3% during mid-day trading on Tuesday . The company traded as high as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). Approximately 161,584,391 shares changed hands during mid-day trading, an increase of 486% from the average daily volume of 27,578,025 shares. The stock had previously closed at GBX 0.01 ($0.00).

Oracle Power Price Performance

The company has a debt-to-equity ratio of 9.98, a current ratio of 3.74 and a quick ratio of 5.67. The stock has a 50 day simple moving average of GBX 0.02 and a two-hundred day simple moving average of GBX 0.02. The company has a market cap of £968,500.00, 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.