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

Key Points

• Harbour Energy's stock price gapped up from $2.61 to $2.80 at market open, and last traded at $2.85 with a volume of 16,390 shares.
• Morgan Stanley has restated an "overweight" rating on Harbour Energy, indicating optimism about the company's growth potential.
• The company's quick ratio is 0.63 and the current ratio is 0.70, reflecting its short-term liquidity position amid its operations in multiple countries including the UK and Vietnam.

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $2.61, but opened at $2.80. Harbour Energy shares last traded at $2.85, with a volume of 16,390 shares trading hands.

Wall Street Analysts Forecast Growth

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

Harbour Energy Stock Performance

The stock's 50 day simple moving average is $2.66 and its two-hundred day simple moving average is $2.67. The company has a quick ratio of 0.63, a current ratio of 0.70 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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