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Orca Exploration Group (CVE:ORC.B) Sets New 12-Month High - Should You Buy?

Orca Exploration Group logo with Energy background

Key Points

  • Orca Exploration Group Inc shares reached a new 52-week high at C$3.62, with trading volume of 900 shares on the day.
  • The company has a market capitalization of C$71.68 million and a debt-to-equity ratio of 40.57, indicating a relatively leveraged balance sheet.
  • Orca primarily operates in Tanzania, focusing on the exploration, production, and sale of petroleum and natural gas, particularly from the Songo Songo natural gas field.
  • Interested in Orca Exploration Group? Here are five stocks we like better.

Orca Exploration Group Inc (CVE:ORC.B - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$3.62 and last traded at C$3.62, with a volume of 900 shares changing hands. The stock had previously closed at C$3.55.

Orca Exploration Group Price Performance

The company has a current ratio of 2.16, a quick ratio of 1.80 and a debt-to-equity ratio of 40.57. The firm has a market cap of C$70.49 million, a P/E ratio of -59.33 and a beta of 0.08. The firm has a 50-day simple moving average of C$3.36 and a 200-day simple moving average of C$3.15.

About Orca Exploration Group

(Get Free Report)

Orca Exploration Group Inc explores for, develops, produces, and sells petroleum and natural gas to the power and industrial sectors in Tanzania. The company principally holds interests in the Songo Songo natural gas field that includes two blocks covering an area of approximately 41,630 acres located to the south of Dar Es Salaam.

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