Orca Exploration Group (CVE:ORC.B) Stock Crosses Below Fifty Day Moving Average - Time to Sell?

Key Points

• Stock technicals: Orca Exploration's shares crossed below their 50‑day moving average (50‑day = C$3.64) during trading, hitting an intraday low of C$3.61 and last trading at C$3.74 on light volume (~2,800 shares).
• Business and fundamentals: The company has a market cap of about C$73.9M, a P/E of 4.56, debt/equity of 40.57 and healthy liquidity ratios (current 2.16, quick 1.80), and it produces natural gas from the Songo Songo field in Tanzania.

Orca Exploration Group Inc (CVE:ORC.B - ) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$3.64 and traded as low as C$3.61. Orca Exploration Group shares last traded at C$3.74, with a volume of 2,800 shares trading hands.

Orca Exploration Group Stock Performance

The firm has a market capitalization of C$73.92 million, a PE ratio of 4.56 and a beta of 0.76. The company has a debt-to-equity ratio of 40.57, a current ratio of 2.16 and a quick ratio of 1.80. The firm has a fifty day moving average price of C$3.64 and a 200 day moving average price of C$3.57.

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. It also holds oil and gas exploration and appraisal interests in Italy. The company was formerly known as EastCoast Energy Corporation and changed its name to Orca Exploration Group Inc in April 2007.

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