Harbour Energy (OTCMKTS:HBRIY) Shares Gap Up - Still a Buy?

Key Points

• Harbour Energy's shares gapped up by over 8% at market open, moving from a previous close of $3.26 to $3.54.
• Morgan Stanley has reiterated an "overweight" rating on Harbour Energy, suggesting positive future expectations for the stock.
• The company's financial metrics indicate solid fundamentals with a debt-to-equity ratio of 0.68 and a current ratio of 0.70.

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $3.26, but opened at $3.54. Harbour Energy shares last traded at $3.54, with a volume of 100 shares.

Analyst Ratings Changes

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

Harbour Energy Stock Up 5.1%

The firm has a 50-day moving average price of $2.73 and a 200-day moving average price of $2.65. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.63 and a current ratio of 0.70.

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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