Harbour Energy (OTCMKTS:HBRIY) Sees Large Volume Increase - Here's Why

Key Points

• Harbour Energy saw a 191% increase in trading volume, with 13,565 shares traded compared to 4,660 shares the previous session, reflecting heightened investor interest.
• The stock price rose to $2.81, marking a 2.2% increase from the previous close of $2.76.
• Morgan Stanley has maintained an "overweight" rating on Harbour Energy, indicating confidence in the company's growth potential.

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - Get Free Report) saw strong trading volume on Tuesday . 13,565 shares were traded during trading, an increase of 191% from the previous session's volume of 4,660 shares.The stock last traded at $2.81 and had previously closed at $2.76.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of Harbour Energy in a research note on Tuesday, June 17th.

Harbour Energy Trading Up 2.2%

The firm's 50-day simple moving average is $2.66 and its two-hundred day simple moving average is $2.66. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.63 and a current ratio of 0.70.

Harbour Energy Company Profile

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.

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