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Harbour Energy (OTCMKTS:HBRIY) Shares Down 8.5% - Here's What Happened

Harbour Energy logo with Energy background

Harbour Energy plc (OTCMKTS:HBRIY - Get Free Report)'s share price was down 8.5% during mid-day trading on Wednesday . The company traded as low as $2.12 and last traded at $2.15. Approximately 14,984 shares traded hands during trading, an increase of 195% from the average daily volume of 5,080 shares. The stock had previously closed at $2.35.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut shares of Harbour Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th.

Read Our Latest Report on HBRIY

Harbour Energy Price Performance

The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average price of $2.44 and a 200 day moving average price of $2.96.

Harbour Energy Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, April 11th will be issued a $0.1119 dividend. The ex-dividend date is Friday, April 11th.

About Harbour Energy

(Get Free Report)

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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