Harbour Energy (OTCMKTS:HBRIY) Shares Gap Up - Here's What Happened

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) gapped up prior to trading 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.

Analyst Ratings Changes

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

Harbour Energy Trading Up 6.0%

The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.63 and a current ratio of 0.70. The company's 50-day simple moving average is $2.69 and its 200-day simple moving average is $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.