Orca Exploration Group (CVE:ORC.B) Hits New 52-Week High - Should You Buy?

Key Points

• Orca Exploration Group shares reached a new 52-week high of C$4.49 during trading, closing at C$4.39 with a trading volume of 20,109 shares.
• The company has a market capitalization of C$86.93 million and a PE ratio of -73.17, reflecting its current financial metrics.
• Orca Exploration primarily operates in the petroleum and natural gas sector in Tanzania, holding interests in the Songo Songo natural gas field.

Shares of Orca Exploration Group Inc (CVE:ORC.B - ) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$4.49 and last traded at C$4.39, with a volume of 20109 shares traded. The stock had previously closed at C$4.30.

Orca Exploration Group Trading Up 2.1%

The firm has a market capitalization of C$86.93 million, a PE ratio of -73.17 and a beta of 0.08. 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 business has a 50 day moving average price of C$3.44 and a 200-day moving average price of C$3.20.

About Orca Exploration Group

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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