Oracle Power (LON:ORCP) Trading 8.3% Higher – What’s Next?

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

Oracle Power Stock Performance

The company has a quick ratio of 5.67, a current ratio of 3.74 and a debt-to-equity ratio of 9.98. The company has a market cap of £968,500.00, a price-to-earnings ratio of -3.10 and a beta of 1.44. The firm has a 50-day simple moving average of GBX 0.02 and a 200 day simple moving average of GBX 0.02.

Oracle Power Company Profile

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.