Orca Exploration Group (CVE:ORC.B) Shares Up 5.7% - Time to Buy?

Key Points

• Orca Exploration Group Inc shares rose by 5.7% to C$4.48, significantly increasing trading volume to 16,250 shares, compared to the average of 6,282 shares.
• The company has a market cap of C$88.71 million and operates in the petroleum and natural gas sector, primarily focused on the Songo Songo natural gas field in Tanzania.
• Despite the recent uptick in stock price, Orca Exploration has a negative PE ratio of -74.67, indicating potential concerns about profitability.

Orca Exploration Group Inc (CVE:ORC.B - ) shares traded up 5.7% during trading on Monday . The company traded as high as C$4.50 and last traded at C$4.48. 16,250 shares changed hands during trading, an increase of 159% from the average session volume of 6,282 shares. The stock had previously closed at C$4.24.

Orca Exploration Group Trading Up 5.7%

The stock has a fifty day moving average of C$3.62 and a 200-day moving average of C$3.28. The company has a market cap of C$88.71 million, a PE ratio of -74.67 and a beta of 0.27. The company has a debt-to-equity ratio of 40.57, a quick ratio of 1.80 and a current ratio of 2.16.

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.

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