Harbour Energy (OTCMKTS:HBRIY) Shares Gap Down - What's Next?

Key Points

• Harbour Energy's stock price gapped down from $3.83 to $3.55 before trading at $3.62, indicating a significant decline in value.
• Morgan Stanley has reaffirmed an "overweight" rating on Harbour Energy shares, signaling potential long-term growth despite the recent price drop.
• The company has a current ratio of 0.70 and a debt-to-equity ratio of 0.68, reflecting its financial health and leverage in the energy sector.

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $3.83, but opened at $3.55. Harbour Energy shares last traded at $3.62, with a volume of 500 shares changing hands.

Analyst Ratings Changes

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

Harbour Energy Stock Performance

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 business has a fifty day moving average price of $2.77 and a 200-day moving average price of $2.66.

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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