Harbour Energy (OTCMKTS:HBRIY) Sees Large Volume Increase - Should You Buy?

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.

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 20,115 shares changed hands during mid-day 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.

Analyst Upgrades and Downgrades

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

Harbour Energy Stock Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 0.70 and a quick ratio of 0.63. The firm's 50 day simple moving average is $2.82 and its 200-day simple moving average is $2.67.

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.