Orca Exploration Group (CVE:ORC.B) Sets New 1-Year High - Here's Why

Key Points

• Orca Exploration Group Inc hit a new 52-week high of C$3.64 during mid-day trading, with shares last trading at C$3.60 and a volume of 9,072 shares.
• The company's market capitalization stands at C$70.69 million, accompanied by a negative PE ratio of -59.50 and a low beta of 0.08.
• Orca primarily explores and produces petroleum and natural gas in Tanzania, notably holding interests in the Songo Songo natural gas field.

Orca Exploration Group Inc (CVE:ORC.B - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$3.64 and last traded at C$3.60, with a volume of 9072 shares traded. The stock had previously closed at C$3.60.

Orca Exploration Group Trading Down 0.3%

The firm has a market capitalization of C$72.08 million, a price-to-earnings ratio of -60.67 and a beta of 0.08. The business's 50 day moving average price is C$3.39 and its 200-day moving average price is C$3.17. The company has a debt-to-equity ratio of 40.57, a current ratio of 2.16 and a quick ratio of 1.80.

Orca Exploration Group Company Profile

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.