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Harbour Energy (OTCMKTS:HBRIY) Sees Strong Trading Volume - Should You Buy?

Harbour Energy logo with Energy background

Key Points

  • Harbour Energy shares experienced a significant increase in trading volume, rising by 258% with 20,115 shares traded compared to 5,626 shares in the previous session.
  • Morgan Stanley maintained an "overweight" rating for Harbour Energy, indicating a positive outlook for the stock.
  • The company's current stock price is $3.22, slightly down from the previous close of $3.25.
  • Looking to export and analyze Harbour Energy data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 20,115 shares were traded during trading, an increase of 258% from the previous session's volume of 5,626 shares.The stock last traded at $3.22 and had previously closed at $3.25.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on HBRIY

Harbour Energy Trading Down 2.7%

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 0.68. The company's fifty day moving average is $2.77 and its two-hundred day moving average is $2.66.

About Harbour Energy

(Get Free Report)

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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