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

Key Points

• Harbour Energy shares experienced a gap up, opening at $2.75 after closing at $2.51, and last traded at $3.02 with a trading volume of 711 shares.
• The company announced a dividend of $0.1119 per share, yielding an impressive 623.0%, paid to stockholders on October 6th.
• Harbour Energy holds interests in oil and gas reserves across multiple countries, including the United Kingdom, Norway, and Mexico, engaging in various energy production activities.

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - ) gapped up prior to trading on Friday . The stock had previously closed at $2.51, but opened at $2.75. Harbour Energy shares last traded at $3.02, with a volume of 711 shares trading hands.

Harbour Energy Price Performance

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 0.93. The company's 50 day moving average is $3.10 and its two-hundred day moving average is $2.72.

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 given a dividend of $0.1119 per share. This represents a dividend yield of 623.0%. The ex-dividend date 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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