Harbour Energy (OTCMKTS:HBRIY) Shares Gap Down - Here's Why

Key Points

• Harbour Energy PLC shares experienced a significant decline, gapping down from a previous close of $3.02 to an opening price of $2.73, reflecting a drop of 9.6%.
• Despite the drop in share price, the company recently announced a dividend payment of $0.1119 per share, yielding an extraordinary 623.0%.
• Harbour Energy is involved in oil and gas operations across various regions including the UK and Norwegian Continental Shelves, as well as exploring decommissioning and risk mitigation activities.

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - ) shares gapped down before the market opened on Monday . The stock had previously closed at $3.02, but opened at $2.73. Harbour Energy shares last traded at $2.73, with a volume of 509 shares changing hands.

Harbour Energy Stock Down 9.6%

The company has a 50 day simple moving average of $3.10 and a 200 day simple moving average of $2.72. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.93 and a current ratio of 1.00.

Harbour Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, October 6th. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.1119 per share. This represents a dividend yield of 623.0%. The ex-dividend date of this dividend was Monday, August 18th.

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.

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