Harbour Energy (OTCMKTS:HBRIY) Trading Down 10.7% - What's Next?

Key Points

• Harbour Energy's stock fell 10.7% on Tuesday, closing at $2.70 after trading as low as $2.70 during the day, with a significant drop in trading volume.
• The company recently declared a dividend of $0.1119, which provides an impressive yield of 623.0%.
• Harbour Energy is involved in the acquisition, exploration, development, and production of oil and gas reserves across multiple countries including the UK, Indonesia, and Mexico.

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - )'s stock price fell 10.7% on Tuesday . The company traded as low as $2.70 and last traded at $2.70. 250 shares were traded during mid-day trading, a decline of 96% from the average session volume of 6,451 shares. The stock had previously closed at $3.02.

Harbour Energy Stock Down 0.1%

The stock has a 50-day simple moving average of $3.08 and a two-hundred day simple moving average of $2.72. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 0.93.

Harbour Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, October 6th. Shareholders of record on Tuesday, August 19th were given a $0.1119 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a yield of 623.0%.

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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