Harbour Energy (OTCMKTS:HBRIY) Shares Down 2.5% - Here's What Happened

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - Get Free Report) traded down 2.5% on Thursday . The company traded as low as $2.75 and last traded at $2.75. 3,500 shares traded hands during trading, an increase of 32% from the average session volume of 2,642 shares. The stock had previously closed at $2.82.

Analysts Set New Price Targets

Separately, Morgan Stanley restated an "overweight" rating on shares of Harbour Energy in a research note on Tuesday.

Harbour Energy Stock Down 2.5%

The company has a 50 day simple moving average of $2.37 and a 200 day simple moving average of $2.77. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 0.68.

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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