Harbour Energy (OTCMKTS:HBRIY) Sees Large Volume Increase - What's Next?

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) shares saw unusually-strong trading volume on Tuesday . Approximately 13,565 shares traded hands 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 Analyst Weigh In

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

Harbour Energy Price Performance

The business has a 50-day moving average price of $2.71 and a 200 day moving average price of $2.65. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.63 and a current ratio of 0.70.

About Harbour Energy

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.